Efiling of PBGC Premiums Now Required for All Plans
The final rule was published in the June 1, 2006 Federal register (See PBGC Says Mandatory E-filing Begins July 1 ), and required practitioners of large DB plans to efile premiums for plan years beginning on or after January 1, 2006.
In a news release, the PBGC said all DB plan sponsors must use efiling beginning with plan year 2007 premium filings.
A PBGC online application, My Plan Administration Account (My PAA), allows pension practitioners to prepare and submit premium filings and payments electronically. For detailed information or to set up a My PAA account, filers should go to the “Practitioners” page of the PBGC’s Web site, www.pbgc.gov , and click on the “Online Premium Filing (My PAA)” link.
The news release said pension practitioners with questions about My PAA may call the PBGC’s toll-free practitioner number at 1-800-736-2444 and select the “premium” option.