Important Pension Benefit Guaranty Corporation government data with business impact

Rule 9 Apr 2025 asset allocation, regulatory notice, pension benefit guaranty corporation, compliance

🔍Correction Notice on PBGC Asset Allocation Regulation

This document provides a correction to a prior publication regarding the allocation of assets in single-employer plans by the Pension Benefit Guaranty Corporation. It specifically addresses an editorial error in the supplementary information section of the rule, ensuring clarity in the regulatory text related to benefit valuation assumptions.

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Notice 8 Apr 2025 erisa, pension benefit guaranty corporation, compliance requirements, business liabilities, information collection

🏢PBGC Seeks Extension for Information Collection on Operations Cessation

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.

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Rule 3 Apr 2025 business regulation, financial compliance, pensions, employee benefit plans, pension, pension insurance, asset allocation, pension benefit guaranty corporation

📈Final Rule on Allocation of Assets in Single-Employer Pension Plans

This final rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in Single-Employer Plans to prescribe the spreads component of the interest assumption under the asset allocation regulation for plans with valuation dates of April 30, 2025-July 30, 2025. These interest assumptions are used for valuing benefits under terminating single-employer plans and for other purposes.

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