PBGC Updates Multiemployer Pension Info Requests
Published Date: 1/12/2026
Notice
Summary
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info from multiemployer pension plans and is asking for your thoughts by March 13, 2026. This helps make sure the rules stay clear and fair for the businesses and workers involved. No big cost changes, just a smooth paperwork update to keep things running right!
Analyzed Economic Effects
7 provisions identified: 0 benefits, 7 costs, 0 mixed.
Special Withdrawal-Rule Filing Burden
If a multiemployer plan adopts special withdrawal rules, the plan sponsor must submit information to PBGC. PBGC estimates at most one plan sponsor will submit a request per year and that the annual burden for this collection is 4 hours and $15,000.
Sale-of-Assets Variance Filings Burden
Employers and plans can request variances related to sales of assets; PBGC estimates 100 employers will submit and 100 plans will respond over the next 3 years, with one employer submitting a variance to PBGC each year. The estimated annual burden for this collection is 1,050 hours and $702,000.
Complete Withdrawal Abatement Filings
An employer can apply to a plan for abatement (reduction or waiver) of complete withdrawal liability and plans may notify bonding/escrow agents; PBGC estimates at most one employer application and one plan response per year. The estimated annual burden is 0.5 hours and $1,000.
Partial Withdrawal Abatement Filings
Employers may apply for abatement of partial withdrawal liability and plans respond; PBGC estimates at most one employer application and one plan response per year. The estimated annual burden is 0.5 hours and $1,000.
Requests to Reallocate Unfunded Benefits
Plans seeking PBGC approval to change how they allocate unfunded vested benefits to withdrawing employers must submit specified information; PBGC estimates 10 plan sponsors will submit such approval requests each year. The estimated annual burden is 200 hours and $200,000.
Mass/Substantial Withdrawal Reporting Burden
Plans must notify PBGC and employers about mass or substantial withdrawals, provide liability assessments and certifications; PBGC estimates two mass withdrawals and one substantial withdrawal per year. The estimated annual burden is 15 hours and $49,500.
Plan Amendment Approval Filing Burden
Plans that adopt special rules about when withdrawals occur may request PBGC approval and must submit identifying and evaluative information; PBGC estimates at most one plan sponsor will submit a request per year. The estimated annual burden is 2 hours and $8,000.
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