A rollover is a tax-free transfer of retirement savings from one qualified retirement plan to another. It allows individuals to move their retirement money without paying immediate taxes or penalties, …

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A risk-transfer event is when a company reduces or eliminates pension obligations by shifting future benefit risks to participants or an insurance company. A risk-transfer event is an important concept …

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A risk-transfer event occurs when a company takes action to reduce or eliminate its pension benefit obligations by shifting financial risk away from itself and onto plan participants or insurance …

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A retiree is a pension plan participant who has stopped working and has begun receiving retirement benefits from an employer-sponsored pension plan or from the Pension Benefit Guaranty Corporation (PBGC). …

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Required Beginning Date (RBD) is the deadline by which a qualified retirement plan must start paying out benefits to a participant. In simple terms, it is the date when the …

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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 …

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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 …

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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 …

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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 …

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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 …

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