More retirement-related regulatory news for plan sponsors, including links to detailed information.
PBGC issues proposed rule on terminated and insolvent multiemployer plans and duties of plan sponsors
The Pension Benefit Guaranty Corporation (PBGC) issued a proposed rule to amend its multiemployer reporting, disclosure, and valuation regulations to reduce the number of actuarial valuations required for smaller plans terminated by mass withdrawal. The proposed rule also seeks to add a valuation filing requirement and a withdrawal liability reporting requirement for certain terminated plans and insolvent plans.
To read the entire proposed rule, click here.