88 FR 76660 — Technical Amendments: Special Financial Assistance Withdrawal Liability Condition; SECURE 2.0 Act; and Other Updates PBGCFinal Rules (FR)Nov 7, 2023★ strong match
…o Citation
14.
See 87 FR 43991.
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15.
See 88 FR 44045.
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[FR Doc. 2023-24268 Filed 11-6-23; 8:45 am]
BILLING CODE 7709-02-P
PBGCFinal Rules (FR)Jul 12, 2021
…urs and $2,000 for a proposed settlement of withdrawal liability. PBGC estimates that, beginning in 2023, for 2.2 determination requests, the aggregated average annual hour burden will be 7.6 hours (1.6+4+2 employer and fund office hours) and the aggregated average annual cost burden will be $19,000 ($5,000 + $12,000 +…
PBGCFinal Rules (FR)Jul 8, 2022
…ancial assistance was filed.” For example, if the plan's initial application was filed on March 15, 2023, its SFA measurement date would be December 31, 2022; if the plan's initial application was filed on July 1, 2023, its SFA measurement date would be April 30, 2023.
88 FR 1991 — Adjustment of Civil Penalties for Inflation PBGCFinal Rules (FR)Jan 12, 2023★ strong match
…y January 15 each year after 2016.
On December 15, 2022, the Office of Management and Budget issued memorandum M-23-05 on implementation of the 2023 annual inflation adjustment pursuant to the 2015 act.[3]
The memorandum provides agencies with the cost-of-living adjustment multiplier for 2023, which is based on the Con…
85 FR 6046 — Miscellaneous Corrections, Clarifications, and Improvements PBGCFinal Rules (FR)Feb 4, 2020related by meaning
terminations for which, as of March 5, 2020, the statutory deadline for certifying that plan assets have been distributed as required, has not passed. The changes in29 CFR 4043.23, § 4043.27(d)(3), § 4043.29, § 4043.30, 4043.31(c)(6), § 4043.32(c)(4), and § 4043.35(b)(3) (which deal with active participant reductions, …
90 FR 39320 — Miscellaneous Corrections, Clarifications, and Improvements PBGCFinal Rules (FR)Aug 15, 2025related by meaning
arch 9, 2021.
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26.
See, e.g.,
special rules for small plans under part 4007 (Payment of Premiums).
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27.
See, e.g., section 104(a)(2) of ERISA, which permits the Secretary of Labor to prescribe simplified annual reports for pension plans that cover fewer than 100 participants.
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87 FR 74968 — Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets; Expected Retirement Age PBGCFinal Rules (FR)Dec 7, 2022
…ement. Table I-23 will be used to value benefits in plans with valuation dates during calendar year 2023. PBGC has determined that notice of, and public comment on, this rule are impracticable, unnecessary, and contrary to the public interest. PBGC's update of appendix D for calendar year 2023 is routine. If a plan has…
88 FR 44045 — Benefit Payments and Allocation of Assets PBGCFinal Rules (FR)Jul 11, 2023
…e of a benefit) that a pension plan may pay in a mandatory lump-sum distribution. From 1997 through 2023, that maximum was $5,000.[8]
After 2023, it will be $7,000.[9]
PBGC's benefit payments regulation contains three provisions that refer to this threshold, and the regulation was amended after the statutory amount inc…
PBGCFinal Rules (FR)Jun 6, 2024
…illustrates how the 4044 yield curve would have been developed for a valuation date on December 31, 2023, had the rule been in effect at that time and assuming the fourth quarter spreads for 2023 were as shown in column D below:
Maturity
(A)
Dec. 31, 2023,
nominal TNC
Treasury yield curve
(%)
(B)
Dec. 31, 2023,
HQM bon…
90 FR 6894 — Miscellaneous Corrections, Clarifications, and Improvements PBGCProposed Rules (FR)Proposed Jan 21, 2025related by meaning
which permits plans with 100 or fewer participants to use valuation dates other than the first day of the plan year.
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23.
See, e.g., PBGC's proposed rule on Reportable Events and Certain Other Notification Requirements, 78 FR 20039, 20057 (Apr. 3, 2013) and DOL's final rule on Procedures Governing the…
88 FR 62706 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Sep 13, 2023
…o estimate the value of plan benefits for plans with valuation dates early in the fourth quarter of 2023. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed rulemaking is required for this amendment, …
88 FR 15906 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Mar 15, 2023
…o estimate the value of plan benefits for plans with valuation dates early in the second quarter of 2023. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed rulemaking is required for this amendment, …
89 FR 2132 — Adjustment of Civil Penalties for Inflation PBGCFinal Rules (FR)Jan 12, 2024★ strong match
…y January 15 each year after 2016.
On December 19, 2023, the Office of Management and Budget issued memorandum M-24-07 on implementation of the 2024 annual inflation adjustment.[3]
The memorandum provides agencies with the cost-of-living adjustment multiplier for 2024, which is based on the Consumer Price Index (CPI-U)…
PBGCProposed Rules (FR)Proposed Aug 18, 2023
…culation of mortality rate.
The mortality rate that is applied to male annuitants who are age 67 in 2023 is equal to the product of the mortality rate for 2012 that applied to male annuitants who were age 67 in 2012 (0.01288) and the cumulative mortality improvement factor for age 67 males from 2012 to 2023. The cumula…
91 FR 36100 — Technical Amendments: Special Financial Assistance PBGCProposed Rules (FR)Proposed Jun 16, 2026related by meaning
vestment. In addition, some cost savings will be realized through simpler annual statement of compliance filings and elimination of exception filings. Section 6 of Executive Order 13563 requires agencies to rethink existing regulations by periodically reviewing their regulatory program for rules that “may be outmoded, …
88 FR 39169 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Jun 15, 2023
… 1301(a), 1302(b)(3), 1341, 1344, 1362.
2. In appendix B to part 4044, an entry for “July-September 2023” is added at the end of the table to read as follows:
Appendix B to Part 4044—Interest Rates Used to Value Benefits
* * * * *
For valuation dates occurring in the month—
The values of
it
are:
it
for
t
=
it
for
t
=
i…
PBGCRegulationsSep 15, 2025
…00,000 in lump-sum make-up payments were paid by Plan D in plan year 2022. An employer withdraws in 2023. At the end of the determination year (2022), the amount of SFA required to be excluded from assets equals $60,000,000 ($50,000,000 + $30,000,000—$20,000,000). If, instead, the make-up payments were paid by Plan D i…
PBGCFinal Rules (FR)Sep 22, 2022related by meaning
E MULTIEMPLOYER PLANS
3. The authority citation for part 4233 continues to read as follows:
Authority:
29 U.S.C. 1302(b)(3), 1413.
§ 4233.11
[Amended] 4. Amend § 4233.11 by removing “1200 K Street NW, Washington, DC 20005-4026,” wherever it appears, and adding in its place “445 12th Street SW, Washington, DC 20024-2101…
87 FR 76576 — Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing Benefits PBGCFinal Rules (FR)Dec 15, 2022
…to estimate the value of plan benefits for plans with valuation dates early in the first quarter of 2023. PBGC has determined that this action is not a “significant regulatory action” under the criteria set forth in Executive Order 12866.
Because no general notice of proposed rulemaking is required for this amendment, …
PBGCFinal Rules (FR)Aug 26, 2020related by meaning
… 31, 2019) available at
https://www.whitehouse.gov/wp-content/uploads/2019/10/M-20-02-Guidance-Memo.pdf.
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3.
See
section 3(d)(3) of Executive Order 12866 and section 4(b) of Executive Order 13771.
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[FR Doc. 2020-17952 Filed 8-25-20; 8:45 am]
BILLING CODE 7709-02-P