The Pension Benefit Guaranty Corporation (PBGC) announced new final rules for reportable events, focusing on the minority of plans and sponsors that pose the greatest risk of defaulting on their financial obligations.
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The new rules provide most plan sponsors with increased flexibility to determine whether a waiver from reporting will apply, in response to comments on the proposed rules.
“This regulation helps us get the information we need and will reduce the burden for employers whose pension plans are not at risk,” said Acting Director Alice Maroni. “We give companies flexibility to use information they have readily at hand to see if they are eligible for a waiver and need not report to us.”
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