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Practitioners

Premium Rates

Flat-rate premiums

The per-participant flat premium rate for plan years beginning in 2015 is $57 for single-employer plans (up from a 2014 rate of $49) and $13 for multiemployer plans (up from a 2014 rate of $12). For information about future rates, see Scheduled Increases for years after 2015 section below.

Variable-rate premiums

For plan years beginning in 2015, the variable-rate premium (VRP) for single-employer plans is $24 per $1,000 of unfunded vested benefits (UVBs), up from a 2014 rate of $14. This $10 increase was provided in The Bipartisan Budget Act of 2013. The VRP rate is also subject to indexing, but due to statutory rounding rules, indexing had no effect on the 2015 VRP rate.

For 2015, the VRP is capped at $418 times the number of participants (up from a 2014 cap of $412). 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.

The Bipartisan Budget Act of 2013 calls for the VRP rate to increase another $5 starting with 2016 (on top of indexing). For information about future rates, see Scheduled Increases for years after 2015 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

2015

$57 $24 $418 $13

 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 2015

The Bipartisan Budget Act of 2013 provided premium increases for 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

2016 $64 $29 $500 $13

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.