PBGC Updates Multiemployer Pension Info Requests
Published Date: 1/12/2026
Notice
Summary
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!
Analyzed Economic Effects
7 provisions identified: 0 benefits, 7 costs, 0 mixed.
Special Withdrawal-Rule Filing Burden
If a multiemployer plan adopts special withdrawal rules, the plan sponsor must submit information to PBGC. PBGC estimates at most one plan sponsor will submit a request per year and that the annual burden for this collection is 4 hours and $15,000.
Sale-of-Assets Variance Filings Burden
Employers and plans can request variances related to sales of assets; PBGC estimates 100 employers will submit and 100 plans will respond over the next 3 years, with one employer submitting a variance to PBGC each year. The estimated annual burden for this collection is 1,050 hours and $702,000.
Complete Withdrawal Abatement Filings
An employer can apply to a plan for abatement (reduction or waiver) of complete withdrawal liability and plans may notify bonding/escrow agents; PBGC estimates at most one employer application and one plan response per year. The estimated annual burden is 0.5 hours and $1,000.
Partial Withdrawal Abatement Filings
Employers may apply for abatement of partial withdrawal liability and plans respond; PBGC estimates at most one employer application and one plan response per year. The estimated annual burden is 0.5 hours and $1,000.
Requests to Reallocate Unfunded Benefits
Plans seeking PBGC approval to change how they allocate unfunded vested benefits to withdrawing employers must submit specified information; PBGC estimates 10 plan sponsors will submit such approval requests each year. The estimated annual burden is 200 hours and $200,000.
Mass/Substantial Withdrawal Reporting Burden
Plans must notify PBGC and employers about mass or substantial withdrawals, provide liability assessments and certifications; PBGC estimates two mass withdrawals and one substantial withdrawal per year. The estimated annual burden is 15 hours and $49,500.
Plan Amendment Approval Filing Burden
Plans that adopt special rules about when withdrawals occur may request PBGC approval and must submit identifying and evaluative information; PBGC estimates at most one plan sponsor will submit a request per year. The estimated annual burden is 2 hours and $8,000.
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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: 2026-00288 — Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums; Termination Premium
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!
Next: 2026-00291 — Agency Information Collection Activities; Submission for OMB Review; Comment Request; Statutory Exemption for Cross-Trading of Securities
The Department of Labor is asking for public feedback on a paperwork update about rules for cross-trading securities in pension plans. This affects investment managers and pension plan fiduciaries who must follow clear policies to keep trades fair and transparent. Comments are open until February 11, 2026, with no new costs expected—just smoother, clearer rules.