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CHART CENTRAL

PBGC premiums on the up and up

Since the enactment of the Pension Protection Act in 2007, premiums required by the Pension Benefit Guaranty Corp. have increased dramatically. The per-head flat rate has increased an average of 7.8% since 2007 and 14.6% on average since 2012. The variable rate remained constant at $9 per every $1,000 of unfunded vested benefits until 2012, when it jumped to $14.

The hikes are expected to continue, with scheduled increases in the flat rate averaging 7.7% in 2018 and 2019 and variable rate increases averaging 11.2% over the same period.