Under the Employee Retirement Income Security Act of 1974 (ERISA) and PBGC's regulations, a premium ("termination premium") must be paid to PBGC annually for three years after plan termination for certain distress and involuntary pension plan terminations. The premium is $1,250 per participant except for certain airline-related plans. The booklet provided below explains what terminations the termination premium applies to, how the amount of the termination premium is determined, who is liable to pay the premium, when it must be paid, and requirements for remitting the premium and providing related information to PBGC.
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