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:
“In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, woman’s premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, “until death doth part.””
—Emma Goldman (1869–1940)
“[The] elderly and timid single gentleman in Paris ... never drove down the Champs Elysees without expecting an accident, and commonly witnessing one; or found himself in the neighborhood of an official without calculating the chances of a bomb. So long as the rates of progress held good, these bombs would double in force and number every ten years.”
—Henry Brooks Adams (1838–1918)