As part of the budget deal reached in October, defined benefit (pension) plans are going to help pay for it with higher premiums to the Pension Benefit Guaranty Corporation (PBGC). The flat rate premium, which is $57 per participant in 2015 and previously scheduled to be $64 in 2016, will rise under the new law to $69 per participant in 2017, $74 in 2018; and $80 in 2019. This is more than double the premium rate of $35 per participant in 2012.
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