Benefits Forward

The PBGC issues a proposed rule governing reportable events that reflects changes made by the PPA, conforming amendments, and other changes.

The draft information requirements submitted to the Office of Management and Budget in connection with PBGC’s pending proposed rule on Reportable Events are now available on PBGC’s Web site.

The PBGC has issued a notice containing the 2010 flat rate premium and also advising that it will no longer publish the premium notices in the Federal Register.

The PBGC has published a final rule amending its valuation regulation by substituting a new table for selecting a retirement rate category. The new table applies to any plan being terminated either in a distress termination or involuntarily by the PBGC with a valuation date falling in 2010.

The PBGC releases the present value of maximum guarantee for purposes of limited payment exception under PPA funding rules.

PBGC Technical Update 09-4 addresses: (1) funding-related determinations for purposes of waivers, extensions, and the advance reporting threshold test, and (2) missed quarterly contributions.

The PBGC has published a final rule that amends PBGC’s benefit payments regulations to implement provisions of the Uniformed Services Employment and Reemployment Rights Act of 1994.

The PBGC announces the immediate interest rate for valuing lump sum payments for December.

President Obama announces that he will nominate Joshua Gotbaum as Director, PBGC.

The PBGC provides disaster relief for affected plans in parts of Georgia.