Compliance February 2, 2004
PBGC Looking for Input on Electronic Communications Proposal
February 14, 2003 (PLANSPONSOR.com) - The Pension
Benefit Guaranty Corporation (PBGC) is seeking public comment
on a proposed rule that would remove restrictions that
currently inhibit the agency's ability to communicate
electronically.
Reported by Nevin E. Adams
The PBGC, which is the insurer of the nation’s private pension system, says the proposal is designed to “remove requirements from our regulations that might limit electronic filing with us or electronic issuances to others.”
The PBGC says the proposed rules will give the agency flexibility, while simplifying and consolidating its rules on the methods used to:
- send a filing or provide an issuance to someone other than the agency,
- determine the date on which a filing is made, or an issuance provided
- compute various periods of time (including those for filings with the PBGC and for issuances to third parties).
Additionally, the PBGC says the proposal provides rules for maintaining records by electronic means.
The proposed rule is in the Federal Register
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