PBGC Guidance

PBGC Guarantee Limit for 2019

Document Excerpt Link https://www.pbgc.gov/news/press/releases/pr18-06

PBGC Regulatory Agenda Fall 2018

Document Excerpt Link https://www.reginfo.gov/public/do/eAgendaMain?operation=OPERATION_GET_AGENCY_RULE_LIST&currentPubId=201810&showStage=active&agencyCd=1212&Image58.x=33&Image58.y=17

Amendment to Regulations on Reportable Events

Document Excerpt The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of collections of information under PBGC’s regulation on Reportable Events and Certain Other Notification Requirements with modifications. This notice informs the public of PBGC’s request and solicits public comment on […]

Final Regs: Owner Participant Changes to Guaranteed Benefits and Asset Allocation

Document Excerpt SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is amending its regulations on guaranteed benefits and asset allocation. These amendments incorporate statutory changes to the rules for participants with certain ownership interests in a plan sponsor. Link https://s3.amazonaws.com/public-inspection.federalregister.gov/2018-21551.pdf

PBGC Finalizes Rules Governing Mergers and Transfer Between Multiemployer Plans

Document Excerpt PBGC is issuing a final rule amending its regulation on Mergers and Transfers Between Multiemployer Plans to implement procedures and information requirements for a request for a facilitated merger. This final rule also reorganizes and updates provisions in the existing regulation. Link https://www.federalregister.gov/documents/2018/09/14/2018-19988/mergers-and-transfers-between-multiemployer-plans

Updates to PBGC Premium Filing Instructions

Document Excerpt This document provides information for plans paying premiums for plan years beginning in 2018, including instructions for each data element that must be reported. Link https://www.pbgc.gov/sites/default/files/2018-cpf-instructions.pdf

PBGC Announces New Staff Q & A Web Page

Document Excerpt The interpretations presented below reflect the views of the staff of PBGC. They are not rules, regulations, or statements of the Corporation. These positions do not necessarily contain a discussion of all material considerations necessary to reach the conclusions stated, and they are not binding due to their informal nature. Accordingly, these responses […]

PBGC Updates Data Tables

Document Excerpt The Pension Benefit Guaranty Corporation (PBGC) was established by the Employee Retirement Income Security Act of 1974 (ERISA) to ensure that participants in defined benefit pension plans receive their pensions if their plans terminate without sufficient assets to pay promised benefits. The PBGC administers separate insurance programs to protect participants in Single-Employer and […]

Proposed Updated Rule on Terminated and Insolvement Multiemployer Plans

Document Excerpt The Pension Benefit Guaranty Corporation proposes to amend its multiemployer reporting, disclosure, and valuation regulations to reduce the number of actuarial valuations required for smaller plans terminated by mass withdrawal, add a valuation filing requirement and a withdrawal liability reporting requirement for certain terminated plans and insolvent plans, remove certain insolvency notice and […]

PBGC Changes Its Process on Disaster Relief

From now one, relief will be more closely tied to IRS relief. Document Excerpt The Pension Benefit Guaranty Corporation (PBGC) is changing how it announces relief from filing deadlines and penalties when a disaster occurs. Under an Announcement made today, PBGC’s disaster relief will be available at the same time the Internal Revenue Service issues […]

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