Premium Rates
Pension plans pay PBGC yearly insurance premiums. For 2011, the premium rate is $9 per participant for multiemployer plans; single-employer plans pay $35 per participant plus $9 for each $1,000 of unfunded vested benefits. The per-participant rates are indexed for inflation.
Read more about this topic: Pension Benefit Guaranty Corporation
Famous quotes containing the words premium and/or rates:
“There is little premium in poetry in a world that thinks of Pound and Whitman as a weight and a sampler, not an Ezra, a Walt, a thing of beauty, a joy forever.”
—Anna Quindlen (b. 1952)
“In the U.S. for instance, the value of a homemaker’s productive work has been imputed mostly when she was maimed or killed and insurance companies and/or the courts had to calculate the amount to pay her family in damages. Even at that, the rates were mostly pink collar and the big number was attributed to the husband’s pain and suffering.”
—Gloria Steinem (20th century)