More retirement-related regulatory news for plan sponsors, including links to detailed information.
PBGC issues proposed rule on payment of premiums, late payment penalty relief
The Pension Benefit Guaranty Corporation (PBGC) proposes to lower the rates of penalty charged for late payment of premiums by all plans, and to provide a waiver of most of the penalty for plans with a demonstrated commitment to premium compliance. PBGC seeks public comment on its proposal.
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