As promised, the PBGC has released Technical Update 10-2 providing relief for those electing to use the alternative premium funding target to calculate the variable rate premium but failing to check the correct box.
Document Excerpt
This Technical Update provides relief to plans that intended to elect to use the alternative premium funding target to calculate the variable rate premium (VRP) but did not check Box 5 on the comprehensive premium filing,[1] if certain conditions are met and the plan notifies PBGC, as described below.
Link http://www.pbgc.gov/practitioners/law-regulations-informal-guidance/content/tu17239.html
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