Skip to main content

Practitioners

Premium Rates

Flat-rate premiums

The per-participant flat premium rate for plan years beginning in 2014 is $49 for single-employer plans (up from a 2013 rate of $42) and $12 for multiemployer plans (no change from 2013). The increase in the single-employer rate was provided in the Moving Ahead for Progress in the 21st Century Act (MAP-21). Additional increases for 2015 and 2016 were provided in The Bipartisan Budget Act of 2013. For information about future rates, see Scheduled Increases for years after 2014 section below.

Variable-rate premiums

For plan years beginning in 2014, the variable-rate premium (VRP) for single-employer plans is $14 per $1,000 of unfunded vested benefits (UVBs), up from a 2013 rate of $9. This $5 increase is the result of indexing and a scheduled $4 increase provided in MAP-21. The VRP is capped at $412 times the number of participants (up from a 2013 cap of $400). Plans sponsored by small employers (generally fewer than 25 employees) may be subject to an even lower cap. Multiemployer plans do not pay a VRP.

Additional increases in VRP rates for 2015 and 2016 were provided in The Bipartisan Budget Act of 2013. For information about future rates, see Scheduled Increases for years after 2014 section below.

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
Flat-Rate Premium

Rate per $1,000 UVBs

Per Participant Cap

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

For a history of the premium rates charged under the single-employer program since 1974, see Table S-39 of the 2010 data tables; for a history of the rates charged under the multiemployer program, see Table M-16 of the 2010 data tables.

Scheduled Increases for years after 2014

The Bipartisan Budget Act of 2013 provided premium increases for years 2015 and 2016 as shown below:

Plan years beginning in

Single-Employer Plans

Multiemployer Plans

Per Participant Rate for Flat-Rate Premium

Variable-Rate Premium

Per Participant Rate for
Flat-Rate Premium

Rate per $1,000 UVBs

Per Participant Cap

2015 $57 $24 $412 $12
2016 $64 $29 $500 $12

Amounts shown in red are subject to indexing and therefore might be higher than what's shown above. After 2016 all rates will be subject to indexing. There are no scheduled increases (other than indexing) after 2016.

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.