12/5/2000: Text of Final Regs Defining Participant for Premium Purposes, Allowing Prorated Premiums (Pension Benefit Guaranty Corporation)Excerpt: "This final rule makes three amendments ... One amendment allows plan administrators to pay a prorated premium for a short plan year rather than paying a full year's premium and requesting a refund. A second amendment simplifies and narrows the definition of "participant" for PBGC premium purposes. A third amendment simplifies the standard for claiming the variable-rate premium exemption for plans that are fully insured under section 412(i) of the Internal Revenue Code."
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