As the Plan Sponsor for the Pension Plan for Employees at ORNL (the Plan), UT-Battelle is required to prepare an Annual Funding Notice (AFN). The AFN includes important funding information about the Plan. This notice also provides a summary of the Plan’s investment policy and rules governing the benefit payments guaranteed by the Pension Benefit Guaranty Corporation (PBGC), a federal agency. This notice is for the plan year beginning January 1, 2021, and ending December 31, 2021. Review the cover letter and the complete funding notice.
If you are interested in understanding more about the calculation of pension assets and liabilities, please see click here.