PBGC Seeks Input on Multiemployer Pension Paperwork Rules
Published Date: 4/22/2026
Notice
Summary
The Pension Benefit Guaranty Corporation (PBGC) is asking to keep their paperwork rules for multiemployer pension plans the same and wants your thoughts by May 22, 2026. This affects employers and workers involved in these pension plans, helping keep things clear without adding new costs or deadlines. It’s all about making sure the info collected stays useful and easy to handle.
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Analyzed Economic Effects
4 provisions identified: 1 benefits, 3 costs, 0 mixed.
Large Burden for Asset-Sale Variances
Under the Variances for Sale of Assets rule, PBGC estimates about 100 employers and 100 plans will engage with variance requests each year and estimates an annual burden of 1,050 hours and $702,000.
Cost to Change Allocation of Unfunded Benefits
For plan requests to change how unfunded vested benefits are allocated (29 CFR Part 4211), PBGC estimates 10 plan sponsors will submit requests each year with an annual burden of 200 hours and $200,000.
PBGC Seeks 3-Year Paperwork Extension
PBGC asked OMB to extend approval of seven information-collection rules for multiemployer pension plans for 3 years. OMB approvals expire May 31, 2026, and PBGC requests comments by May 22, 2026.
Withdrawal Liability Notice Burden for Plans
Rules on notice, collection, and redetermination of withdrawal liability (29 CFR Part 4219) estimate 2 mass withdrawals and 1 substantial withdrawal yearly, with an annual burden of 15 hours and $49,500 for notices, assessments, and certifications.
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