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PBGC Aims for Reduced Late Premium Penalties
PLANSPONSOR; free registration may be required Link to more items from this source
Apr. 28, 2016

"The [PBGC] is proposing to cut its penalties for late premium payments amid increasing criticism that the cost of its mandatory insurance coverage stands among the chief causes driving private employers out of the defined benefit pension market. 'We think penalties should be no more than necessary to encourage timely payments,' explains PBGC Director Tom Reeder. 'I'm committed to doing everything I can to help companies keep their pension plans.' "

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