For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.
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 Updates Filing Portal to Include 2 New Forms
Plan sponsors can now submit standard termination filings and coverage determination request forms online.
ERISA Attorneys Call for Restoration of PBGC Pension Guarantees
The guarantees cap the monthly pension it pays if a single employer plans it administers fails.
PBGC Updates 2026 Maximum Monthly Guarantee Tables
The limits will rise slightly next year, as did the insurance premiums earlier this week.