Printer-friendly pageFlat-rate Premiums
The per-participant flat premium rate for plan years beginning in 2019 is $80 for single-employer plans (up from a 2018 rate of $74) and $29 for multiemployer plans (up from a 2018 rate of $28).
The increase in the single-employer rate was provided in The Bipartisan Budget Act of 2015. The increase in the multiemployer rate is due to indexing.
Variable-rate Premiums (single-employer plans only)
For plan years beginning in 2019, the variable-rate premium (VRP) for single-employer plans is $43 per $1,000 of unfunded vested benefits (UVBs), up from a 2018 rate of $38. This $5 increase consists of $4 provided in The Bipartisan Budget Act of 2015 (BBA 2015) and $1 resulting from indexing.
For 2019, the VRP is capped at $541 times the number of participants (up from a 2018 cap of $523). Plans sponsored by small employers (generally fewer than 25 employees) may be subject to a lower cap.
Multiemployer plans do not pay a VRP.
Current and Historical Information
|
Plan years beginning in |
Single-Employer Plans |
Multiemployer Plans |
||
|---|---|---|---|---|
|
Per Participant Rate for Flat-Rate Premium |
Variable-Rate Premium |
Per Participant Rate for |
||
|
Rate per $1,000 UVBs |
Per Participant Cap |
|||
|
2019 |
$80 | $43 | $541 | $29 |
|
2018 |
$74 | $38 | $523 | $28 |
|
2017 |
$69 | $34 | $517 | $28 |
|
2016 |
$64 | $30 | $500 | $27 |
|
2015 |
$57 | $24 | $418 | $26 |
|
2014 |
$49 | $14 | $412 | $12 |
|
2013 |
$42 | $9 | $400 | $12 |
|
2012 |
$35 | $9 | N/A | $9 |
|
2011 |
$35 | $9 | N/A | $9 |
|
2010 |
$35 | $9 | N/A | $9 |
|
2009 |
$34 | $9 | N/A | $9 |
|
2008 |
$33 | $9 | N/A | $9 |
|
2007 |
$31 | $9 | N/A | $8 |
PBGC's Pension Insurance Data Tables contain a complete history of premium rates.
Increases After 2019
After 2019, all rates are subject to indexing. There are no scheduled increases (other than indexing) for years after 2019.
Termination Premiums
For certain distress or involuntary terminations, a special termination premium must be paid to PBGC for three years. For more information, see Termination Premiums.