Blogs - Practical Benefits Lawyer

New Information Required on 2015 Premium Filings with PBGC

January 23, 2015
PBGC has requested the Office of Management and Budget (?Ç£OMB?Ç¥) to approve the collection of new information in connection with premium filings. PBGC is revising the 2015 filing procedures and instructions to require after-the-fact reporting of certain risk transfers through lump sum windows and annuity purchases. PBGC is also changing certain premium declaration certification procedures, offering the option for a plan to provide a telephone number specifically for inclusion in PBGC?ÇÖs Search Plan List on PBGC?ÇÖs website, updating premium rates, and making conforming, clarifying, and editorial changes. Comments to the OMB must be submitted by February 11, 2015. PBGC?ÇÖs notice can be found here.
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