8 Apr 2025
🏢PBGC Seeks Extension for Information Collection on Operations Cessation
Proposed Submission of Information Collection for OMB Review; Comment Request; Notices Following a Substantial Cessation of Operations
Summary
The Pension Benefit Guaranty Corporation (PBGC) intends to request that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information that is necessary to fulfill various reporting obligations following a cessation of operations at a facility. This notice informs the public of PBGC's intent and solicits public comment on the collection of information.
Agencies
- Pension Benefit Guaranty Corporation
Business Impact
$$ - Med
The content outlines compliance and regulatory requirements for businesses following a substantial cessation of operations, specifically regarding reporting obligations to the PBGC. Failure to comply could result in liabilities and financial penalties.