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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Key Dates
Department and Agencies
Related Federal Register Documents
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.
2026-09334 — No Adjustment of Civil Penalties for Inflation
Good news for plan sponsors and employers: the fines for missing important pension notices won’t go up in 2026. The Pension Benefit Guaranty Corporation is keeping penalty amounts the same as 2025 because there’s no inflation increase this year. So, if you owe a penalty, it’ll max out at $2,739 or $365 depending on the rule—no surprise hikes!
2026-07832 — Submission of Information Collections for OMB Review; Comment Request; Multiemployer Plan Regulations
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.
2026-06556 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits
Starting April 30, 2026, the Pension Benefit Guaranty Corporation (PBGC) updates how it calculates interest rates for valuing benefits in single-employer pension plans that are ending. This change affects plan sponsors and employers by adjusting the numbers used to figure out what’s owed, helping keep things fair and accurate. If you’re involved with these plans, watch for these new rules between April and July 2026—they could impact money calculations and deadlines.
2026-05260 — Proposed Submission of Information Collection for OMB Review; Comment Request; Direct Express Enrollment Form
The Pension Benefit Guaranty Corporation (PBGC) wants to start collecting info to help people sign up for the Direct Express debit card. This new form will make enrollment easier and more organized. If you’re affected, you can share your thoughts by May 18, 2026—no cost or hassle expected!
2026-04182 — Proposed Submission of Information Collections 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 with these plans and helps make sure everyone knows their duties. If you have thoughts, send them by May 4, 2026—no cost changes, just paperwork updates!
Previous / Next Documents
Previous: 2026-00290 — Sunshine Act Meetings
The SEC’s Small Business Capital Formation Advisory Committee will hold a public meeting on February 24, 2026, both in-person and online. This meeting will discuss new rules to help small and growing businesses and their investors. Anyone interested can join for free, and the SEC is making sure everything stays transparent and open.
Next: 2026-00289 — 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 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!