4 Aug 2025
💼PBGC Seeks Extension on Termination Premium Information Collection
Proposed Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums; Termination Premium
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 for the termination premium under its regulation on Payment of Premiums. 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 text outlines the PBGC's intent to extend the information collection on termination premiums, which requires businesses to comply with reporting requirements under ERISA. This impacts single-employer pension plans and involves financial obligations that can affect business operations and strategies.