PBGC Proposes Corrections, Clarifications, and Improvements to Certain DB Plan Guidance

Soon to be published in the Federal Register are proposed changes to Pension Benefit Guaranty Corporation (PBGC) regulations on defined benefit (DB) plan reportable events, disclosure requirements, annual financial and actuarial information reporting, single employer plan terminations, and PBGC premium rates.

PBGC, the federal agency with primary oversight of, and providing insurance for, certain DB plans, describes the proposed technical corrections, clarifications, and improvements as motivated by its “ongoing retrospective review of the effectiveness and clarity of its rules, as well as input from stakeholders.”

Public comments on the proposed changes will be accepted for a 60-day period that will begin upon their publication in the Federal Register. A pre-publication version of this guidance is available here.