Compliance December 17, 2015
PBGC Premium Filing Instructions Available
The agency will post a notice about what's new for practitioners in January.
Reported by Rebecca Moore
The 2016 Pension Benefit Guaranty Corporation (PBGC) Comprehensive Premium Filing Instructions (including the illustrative form) have been approved by the Office of Management and Budget (OMB) and are now available on PBGC’s website.
The instructions include information about what’s new, who must file, when and how to file, as well as helpful instructions for how to fill out the form.
The agency expects that the My Plan Administration Account (My PAA) system to electronically submit pension plan premium filings and payments will be ready to accept 2016 filings in January, and will post a notice about what’s new for practitioners at that time.
You Might Also Like:
PBGC Rescues Teamsters and UFCW Plans
The two local plans received SFA grants to protect their solvency through 2051.
Central States Has Repaid SFA Overpayment
The multiemployer plan was overpaid $127 million for the accidental inclusion of about 3,500 dead participants in their grant application.
Comment Period Extended for SECURE 2.0 Reporting, Disclosure Rules
Federal agencies are seeking advice on how to improve the reporting and disclosure system for retirement plans governed by ERISA.