"PBGC is modifying 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 is changing the reporting period for risk transfer activity (lump sum windows and annuity purchases). Rather than the period falling between 60 days before the prior filing and 60 days before the current filing, the reporting period will be the prior premium payment year. PBGC also is modifying 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 adding to the instructions that a plan that claims cessation of coverage status should complete a coverage determination request. PBGC also is updating the premium rates and making conforming, clarifying, and editorial changes to the premium filing instructions." [Also available: Draft Reporting Instructions (PDF; 70 pages) and My PAA Screenshots (PDF; 11 pages)]  MORE >>