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
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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: 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!