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| Text of PBGC Submission to OMB: Notice of Insolvency, Notice of Insolvency Benefit Level Pension Benefit Guaranty Corporation [PBGC]  [Official Guidance] Sept. 23, 2015 "These notices, mandated by section 4245(e) of [ERISA], provide information PBGC needs to estimate cash requirements for financial assistance to troubled mutliemployer pension plans, and other interested parties need for financial planning or to bargain over contribution increases. Multiemployer plans in reorganization that are or may become insolvent give these notices." [Forms submitted for approval: [1] Notice of Insolvency, and [2] Notice of Insolvency Benefit Level. Includes a Supporting Statement.] |
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