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[Official Guidance]
Text of PBGC Technical Update 25-1: Premium Filing Due Date Change for 2025 Plan Years
"This Technical Update provides [PBGC]'s (PBGC) guidance on the timing of premium payments for plan years beginning in 2025.... In most cases, the premium filing for a plan year is due the 15th day of the 10th calendar month that begins on or after the first day of that
plan year.... In limited special situations, premium filings are due on a different date.... "Section 502 of the [Bipartisan Budget Act of 2015 (BBA 2015)] provides that, ... solely with respect to plan years beginning in 2025, the premium filing due date for all plans is the 15th day of the 9th calendar month that begins on or after the first day of the plan year. The BBA 2015 provision supersedes not only the Normal Premium Due Date rule for 2025 plan years, but also the special due date rules ... It does not supersede
PBGC's disaster relief policy or PBGC's filing rules about due dates that fall on weekends or Federal Holidays.... "For plan years beginning in 2025 practitioners should disregard the premium filing due dates provided in Section 4007.11 of PBGC's Payment of
Premiums regulation because that section does not reflect the due dates for 2025. The premium due dates will be incorporated into the 2025 Comprehensive Premium Filing Instructions, which will be posted in the near future." MORE >>
Pension Benefit Guaranty Corporation [PBGC]
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BenefitsLink® Retirement Plans Newsletter, ISSN no. 1536-9587.
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