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PBGC Multiemployer Plan Regulations Information Collection Extension
The Pension Benefit Guaranty Corporation (PBGC) has issued a notice of its intention to request an extension of OMB approval for information collections related to multiemployer plans under ERISA. The agency is soliciting public comments on these collections.
PBGC Request for OMB Approval Extension for Premium Payment Information
The Pension Benefit Guaranty Corporation (PBGC) has requested an extension of OMB approval for its information collection related to termination premiums. This notice solicits public comment on the request.
PBGC Notice of Information Collection Extension for Single-Employer Plan Termination Liability
The Pension Benefit Guaranty Corporation (PBGC) has issued a notice of intent to request an extension of OMB approval for its information collection regarding single-employer plan termination liability. This notice solicits public comment on the existing collection of information, which is necessary for determining employer liability.
PBGC Approves Special Financial Assistance for Laborers Local No. 265 Plan
The Pension Benefit Guaranty Corporation (PBGC) announced the approval of Special Financial Assistance (SFA) for the Laborers Local No. 265 Pension Plan. The plan will receive approximately $59.4 million to avert insolvency and prevent benefit reductions for its 1,460 participants.
PBGC FY 2024 Projections Report Shows Improved Insurance Outlook
The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2024 Projections Report, indicating an improved financial outlook for its Multiemployer and Single-Employer pension insurance programs. The report projects the Multiemployer Program will remain solvent for 40 years, and the Single-Employer Program's net position is expected to grow significantly.
PBGC FY 2025 Annual Report Shows Financial Improvement
The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2025 Annual Report, indicating continued financial improvement in its insurance programs. Both the Single-Employer and Multiemployer programs reported positive net financial positions for the fifth consecutive year.
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