PBGC Updates Reporting Rule

March 13, 2009 (PLANSPONSOR.com) - The Pension Benefit Guaranty Corporation (PBGC) said Friday it will publish a final rule that amends its regulation on Annual Financial and Actuarial Information Reporting (29 CFR part 4010).

The final rule implements Pension Protection Act of 2006 changes to Employee Retirement Income Security Act (ERISA) section 4010 and makes other modifications and clarifications to the reporting requirements.

PBGC expects to update the e-4010 filing application and related materials (e.g., filing instructions) within a few days. Until the application is updated, filers should not attempt to enter data for a post-PPA filing, as it will be lost when the application is updated.

However, first-time filers may log on to the application to set up an account and become familiar with the application, through http://www.pbgc.gov/practitioners/reporting-and-disclosure/content/page14529.html .

The first filings under the new rules are due April 15, 2009. The final rule will appear in the  Federal Register  on March 16, 2009.