OMB Greenlights Pension Guaranty Corporation's Data Collections
Published Date: 1/21/2025
Notice
Summary
The Office of Management and Budget just gave the green light to some paperwork collections from the Pension Benefit Guaranty Corporation. This means certain forms and info requests are officially approved, with clear deadlines on when they expire. If you’re involved with pensions, keep an eye on these updates to stay on track and avoid surprises.
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Related Federal Register Documents
2026-14627, Penalties for Failure To Provide Certain Notices or Other Material Information
The Pension Benefit Guaranty Corporation (PBGC) is proposing new rules to set clear penalties for pension plans that don’t send important notices or info on time. This affects pension plan managers who could face fines but might also get penalties waived in certain cases. Comments on these changes are open until September 21, 2026, so now’s the time to speak up!
2026-13639, Improvements to Rules on Recoupment of Benefit Overpayments
The Pension Benefit Guaranty Corporation is updating how it takes back money when it pays too much in benefits. Now, they'll recoup a flat 5% from a participant’s monthly benefit and won’t take money from surviving beneficiaries anymore. These changes affect people in single-employer plans and could make repayments simpler and fairer starting after the comment period ends on September 4, 2026.
2026-13124, Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits
Starting July 31, 2026, the Pension Benefit Guaranty Corporation (PBGC) is updating how it calculates interest rates used to value benefits in single-employer pension plans that are ending. This change affects plan sponsors and employers involved in these plans, helping make sure benefit values match current market conditions. If you’re involved with these plans, get ready for new numbers that could impact how much money is set aside or owed.
2026-12648, Submission of Information Collections for OMB Review; Comment Request; Direct Express Enrollment Form
The Pension Benefit Guaranty Corporation wants to keep collecting info to help people sign up for the Direct Express debit card, which lets federal benefit recipients get their money electronically. They’re asking for public feedback by July 24, 2026, to make sure everything’s clear and easy. This won’t cost anyone extra but helps keep benefits flowing smoothly and safely.
2026-12100, Technical Amendments: Special Financial Assistance
The Pension Benefit Guaranty Corporation is updating rules about special financial help for pension plans. These changes clarify how plans can invest the money, when PBGC approval is needed for certain claims, and remove a rule about using funds for health costs. Plan managers and employers should note these tweaks and send comments by August 17, 2026.
2026-10805, Submission of Information Collection for OMB Review; Comment Request; Liability for Termination of Single-Employer Plans
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info about who’s responsible when single-employer pension plans end. This affects companies and workers involved in these plans and helps make sure everyone knows their duties. You’ve got until June 29, 2026, to share your thoughts, and this process keeps things running smoothly without extra costs right now.
Previous / Next Documents
Previous: 2025-01359, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Internal Revenue Service (IRS) Information Collection Request
The IRS is asking for approval to keep collecting some paperwork from taxpayers and businesses. If you fill out IRS forms, this might affect you, but no big changes or extra costs are expected. The government wants your feedback before moving forward, so now’s the time to speak up!
Next: 2025-01363, ETF Opportunities Trust and Brookmont Capital Management, LLC
ETF Opportunities Trust and Brookmont Capital Management want to change how they handle agreements with their subadvisors without needing shareholder approval. They’re also asking to skip some usual fee disclosure rules. If you want to speak up, you have until February 10, 2025, to request a hearing.