The Pension Benefit Guarantee Corporation announced the 2014 premium rates. 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).
For plan years beginning in 2014, the variable-rate premium 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 variable-rate premium 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 variable-rate premium.