PBGC Seeks Comments on Pension Premium Paperwork
Published Date: 1/12/2026
Notice
Summary
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info about termination premiums, which are fees paid when pension plans end. This affects companies managing pension plans and helps PBGC keep things running smoothly. If you have thoughts, send them by February 11, 2026—no cost changes, just a paperwork check-up!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Who Owes the 3-Year Termination Premium
When a single-employer pension plan ends in a distress termination under section 4041(c) (subject to certain bankruptcy rules) or an involuntary termination under section 4042, a "termination premium" applies for 3 years if the termination date is after 2005. The same premium amount is due on the 30th day of each of three consecutive 12-month periods, and the persons liable are contributing sponsors and members of their controlled groups as determined on the day before the plan termination date.
Termination Premium Paperwork Continues
PBGC is asking OMB to extend approval for collecting information and payments for the termination premium (Form T) for 3 more years. Comments are due February 11, 2026, and PBGC estimates an average of 1 Form T filing per year with an annual burden of 5 minutes and $67.
Recordkeeping Requirement for Premiums
PBGC's regulation (section 4007.10) requires persons liable for premiums to keep records that support or validate how premiums were computed and to make those records available to PBGC. The requirement applies to retention of supporting documentation for premium calculations.
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