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Text of PBGC Notice of Intent to Request OMB Approval of Modifications to Premium Payment Forms and Instructions
Pension Benefit Guaranty Corporation [PBGC] Link to more items from this source
[Official Guidance]
July 31, 2019

"PBGC intends to modify the 2020 filing and instructions to require that plans offering a lump sum window separately report the number of participants in pay status who were offered and elected a lump sum in addition to the related current requirement with respect to participants not in pay status.... PBGC intends to change the reporting period for risk transfer activity (lump sum windows and annuity purchases) ... [to] the prior premium payment year. PBGC also intends to modify the filing instructions for a plan that reports that a premium filing will be the last for the plan and checks the 'cessation of covered status' box as the reason.... PBGC is proposing to add to the instructions that a plan that claims cessation of coverage status should complete a coverage determination request."

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