21 Jan 2025
💼Proposed PBGC Rule on Premium Rates and Reporting Changes
Miscellaneous Corrections, Clarifications, and Improvements
Summary
The Pension Benefit Guaranty Corporation (PBGC) proposes miscellaneous technical corrections, clarifications, and improvements to its regulations, including its regulations on premium rates, premium due dates, and termination of single-employer plans. These changes are a result of PBGC's ongoing retrospective review of the effectiveness and clarity of its rules and of statutory changes.
Agencies
- Pension Benefit Guaranty Corporation
Business Impact
$$ - Med
The proposed rule includes significant adjustments to PBGC regulations on premium rates and reporting requirements, impacting compliance and financial responsibilities for businesses with pension plans. The changes promote clarity and efficiency that may affect long-term financial planning and obligations related to defined benefit pension plans.