Get more! Sign up for PLANSPONSOR newsletters.
Compliance January 8, 2016
PBGC Releases Modified Reportable Events Forms and Instructions
On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events.
Reported by PLANSPONSOR staff
Section 4043 of the Employee Retirement Income Security Act (ERISA) requires that defined benefit plan administrators and sponsors notify the Pension Benefit Guaranty Corporation (PBGC) of the occurrence of certain events that may signal problems with a pension plan or business.
On September 11, 2015, PBGC published a final rule that made significant changes to the prior regulation about reportable events. The agency has issued modified forms and instructions for “Reportable Events and Large Unpaid Contributions.”
PBGC’s regulation on reportable events and large cumulative funding underpayments describes the events and notice requirements in detail.
More information and a link to reportable events FAQs are here.You Might Also Like:
White House Announces Nominee for PBGC Director
Deva Kyle, an experienced employee benefits expert, was nominated to become the next director of the Pension Benefit Guaranty Corporation.
Construction Pension Fund With More Than 8,000 Participants Rescued by PBGC
The Kansas plan received a grant of $43.1 million.
Opinions |
Why PBGC’s Flat-Rate Premiums Need to Drop
Lowering premiums might spur some organizations to consider offering a defined benefit plan, which could be an additional form of...
« Firm Ordered to Stop Asking Applicants Age Before Job Offer