• Increased Premiums on the Horizon for Defined Benefit Pension Plans
  • December 23, 2015 | Author: John M. Wirtshafter
  • Law Firm: McDonald Hopkins LLC - Cleveland Office
  • On Monday, President Barack Obama signed into law The Bipartisan Budget Act of 2015 (BBA). The BBA will result in a significant increase in the premiums paid by defined benefit pension plans covered by the Pension Benefit Guaranty Corporation (PBGC).