Skip to content

PBGC Sets 2021 Premium Rates

Thomson Reuters Tax & Accounting  

Thomson Reuters Tax & Accounting  

The Pension Benefit Guaranty Corporation (PBGC, a government agency that collects insurance premiums from employers that sponsor insured defined benefit plans) has released the 2021 premium rates.

The 2021 flat premium rate for PBGC’s single-employer plan termination insurance program will be $86 per participant, up from the 2020 premium rate of $83. The 2021 premium rate for multiemployer plans will be $31 per participant, up from the 2020 rate of $30.

For 2021, the variable-rate premium (VRP) for single-employer plans will be $46 per $1,000 of unfunded vested benefits, up from the 2020 rate of $45 per $1,000 of unfunded vested benefits.

For 2021, the VRP is capped at $582 times the number of participants (up from a 2020 cap of $561).

To continue your research on PBGC, in general, see FTC 2d/FIN ¶H-7755.3.


Subscribe to our Checkpoint Daily Newsstand email to get all the latest tax, accounting, and audit news delivered to your inbox each weekday. It’s free!



More answers

IRS Issues Payroll Tax Deferral Guidance

In a Notice, the IRS has provided guidance to employers regarding the recent presidential directive to allow employers to defer …