PBGC Seeks OMB Nod for Pension Form Refresh
Published Date: 3/10/2025
Notice
Summary
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info to decide if retirement plans are covered by law, but with some updates. This affects employers and plan administrators who fill out the Request for Coverage Determination Form. They’re asking for your thoughts by May 9, 2025, and there’s no new cost, just a smoother process ahead!
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Collection Continues Under OMB Control
PBGC will ask OMB to extend approval of the Request for Coverage Determination form (OMB control number 1212-0072) for 3 years. The current approval expires June 30, 2025, and PBGC solicits comments by May 9, 2025.
Estimated Time and Dollar Burden Per Year
PBGC estimates 295 Request for Coverage Determination forms will be submitted each year. PBGC estimates an average burden of 1.5 hours and $300 per submission, for a total annual burden of 442.5 hours and $88,500.
LLC Sponsors Must List All Members
If the employer sponsor is a limited liability company (LLC), the revised form will require you to provide a list of all the LLC's members on question 3 of Part III instead of a statement about the LLC's federal tax treatment. This change is intended to provide clarity for coverage determinations.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
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: 2025-03756, Proposed Submission of Information Collections for OMB Review; Comment Request; Multiemployer Plan Regulations
The Pension Benefit Guaranty Corporation (PBGC) wants to keep collecting info from multiemployer pension plans to make sure everything runs smoothly. They’re asking the public to share thoughts by May 9, 2025. This helps protect workers’ retirement money without adding extra costs or delays.
Next: 2025-03758, Final Determination: Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing; Extension of HUD Compliance Dates
HUD and USDA are raising the energy efficiency standards for new homes they help finance, making buildings greener and cheaper to run. But to give builders more time to adjust, HUD is pushing back the deadlines by six months for most programs and until April 2026 for Section 8 Project Based Vouchers. This means better homes are coming, but with a friendly extra grace period to get it right.