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A Reportable Event is a specific business or pension-related event that may signal financial trouble for a pension plan or its sponsoring employer. Under U.S. pension law, certain events must …
What Is a Reportable Event (Single-Employer Plans Only)? – Simple and Easy Explanation Read More
PBGC recovery is the process used to collect pension overpayments when annuity benefits aren’t available for recoupment. Understanding Recovery in Single-Employer Pension Plans In the world of U.S. pensions, Recovery …
What Is Recovery (for Single-Employer Plans Only)? – Simple and Easy Explanation Read More
PBGC recoupment explains how the Pension Benefit Guaranty Corporation recovers benefit overpayments made to retirees after taking over a pension plan. When a private-sector, single-employer pension plan ends without enough …
What is Recoupment (for Single-Employer Plans Only)? – Simple and Easy Explanation Read More
A clear explanation of how plan sponsors can request a higher-level PBGC review of certain decisions affecting single-employer pension plans. When dealing with pension plans, especially those insured by the …
What is Reconsideration (for Single-Employer Plans)? – Simple and Easy Explanation Read More
A QPSA protects a surviving spouse by providing lifetime income if a pension participant dies before retirement benefits begin. A Qualified Preretirement Survivor Annuity (QPSA) is an important protection built …
What is a Qualified Preretirement Survivor Annuity (QPSA)? – Simple and Easy Explanation Read More
A qualified plan is a retirement plan that meets IRS rules and receives special tax benefits for both employers and employees. A qualified plan is any employer-sponsored retirement plan that …
What Is a Qualified Plan? – Simple and Easy Explanation Read More
A QJSA is a legally required form of pension payment designed to protect spouses by guaranteeing lifelong income for both the participant and their surviving spouse. Meta description: Learn what …
What is a Qualified Joint-and-Survivor Annuity (QJSA)? – Simple and Easy Explanation Read More
A QDRO is a court order that lets a former spouse, child, or other dependent receive a portion of a retirement benefit. A Qualified Domestic Relations Order (QDRO) is a …
What is a Qualified Domestic Relations Order (QDRO)? – Simple and Easy Explanation Read More
A prohibited transaction is a retirement plan deal ERISA does not allow. Learn what counts, who is involved, and how to avoid costly violations. A Prohibited Transaction is a financial …
What is a Prohibited Transaction? – Simple and Easy Explanation Read More
A Professional Service Employer is a business owned or controlled by licensed professionals whose primary work is delivering specialized services. A Professional Service Employer is a business organization owned or …
What is a Professional Service Employer? – Simple and Easy Explanation Read More