By Pension and Benefits Editorial Staff
The Pension Benefit Guaranty Corporation (PBGC) has posted the 2019 Comprehensive Premium Filing Instructions (including the illustrative form) on its website. The PBGC states that the filing requirements for 2019 are almost identical to the 2018 filing requirements. However, the instructions have been updated for the increase of the flat-rate premiums, the variable rate premium, and the cap on variable rate premium amounts, and to reflect the PBGC’s streamlined disaster relief policy. The PBGC has also added information in the instructions about the process by which plan administrators may certify a premium filing manually instead of electronically, clarified the instructions for reporting the business code, and expanded the list of common filing errors.
The PBGC notes that it has increased My PAA functionality by adding a “Submit a Request” Quick Link button. The PBGC reminds filers that premium payment instructions can always change and advises filers to review its Premium Payment Instructions and Addresses webpage each year before sending a payment.
SOURCE: PBGC website.
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