Pension Benefit Guaranty Corporation March 2005 – Federal Register Recent Federal Regulation Documents

Submission of Information Collections for OMB Review; Comment Request; Payment of Premiums
Document Number: 05-5828
Type: Notice
Date: 2005-03-24
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
The Pension Benefit Guaranty Corporation (``PBGC'') is requesting Office of Management and Budget (``OMB'') approval, under the Paperwork Reduction Act, of a revision of the collection of information under its regulation on Payment of Premiums (29 CFR part 4007) (OMB control number 1212-0009; expires November 30, 2006). This collection of information also includes a certification of compliance with requirements to provide certain notices to participants under the PBGC's regulation on Disclosure to Participants (29 CFR part 4011). The PBGC is revising the collection of information to provide for an alternative means of electronic filing of premium information, in addition to the PBGC's existing e-filing method using ``My Plan Administration Account'' (``My PAA'') through the PBGC's Web site. The alternative e-filing method is being developed in connection with a PBGC proposal to require electronic premium filing in the near future. This notice informs the public of the PBGC's request to OMB and solicits public comment on the collection of information.
Agency Information Collection Activities; OMB Approval Received; Annual Financial and Actuarial Information Reporting
Document Number: 05-5066
Type: Notice
Date: 2005-03-15
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
In accordance with the Paperwork Reduction Act, this notice announces the Office of Management and Budget's approval of a collection of information contained in the Pension Benefit Guaranty Corporation's final rule on Annual Financial and Actuarial Information Reporting.
Benefits Payable in Terminated Single-Employer Plans; Allocation of Assets in Single-Employer Plans; Interest Assumptions for Valuing and Paying Benefits
Document Number: 05-5010
Type: Rule
Date: 2005-03-15
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
The Pension Benefit Guaranty Corporation's regulations on Benefits Payable in Terminated Single-Employer Plans and Allocation of Assets in Single-Employer Plans prescribe interest assumptions for valuing and paying benefits under terminating single-employer plans. This final rule amends the regulations to adopt interest assumptions for plans with valuation dates in April 2005. Interest assumptions are also published on the PBGC's Web site (https://www.pbgc.gov).
Required Interest Rate Assumption for Determining Variable-Rate Premium; Interest Assumptions for Multiemployer Plan Valuations Following Mass Withdrawal
Document Number: 05-5009
Type: Notice
Date: 2005-03-15
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
This notice informs the public of the interest rates and assumptions to be used under certain Pension Benefit Guaranty Corporation regulations. These rates and assumptions are published elsewhere (or can be derived from rates published elsewhere), but are collected and published in this notice for the convenience of the public. Interest rates are also published on the PBGC's Web site (https://www.pbgc.gov).
Valuation of Benefits; Mortality Assumptions
Document Number: 05-4950
Type: Proposed Rule
Date: 2005-03-14
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
The Pension Benefit Guaranty Corporation proposes to amend its benefit valuation regulation by adopting more current mortality assumptions (moving from a version of GAM-83 to a version of GAM-94). The updated mortality assumptions will better conform to those used by private- sector insurers in pricing group annuities.
Electronic Filing-Annual Financial and Actuarial Information
Document Number: 05-4623
Type: Rule
Date: 2005-03-09
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
The PBGC is amending its regulation on Annual Financial and Actuarial Information Reporting to require: Electronic filing in a standardized format of certain identifying, financial, and actuarial information and the filing of additional items of supporting information that are readily available to the filer, including a demonstration by a filer for the previous year that a filing is not required for the current year. The final rule will strengthen the defined benefit system and enhance the PBGC's ability to carry out its mission effectively and efficiently.
Electronic Premium Filing
Document Number: 05-4536
Type: Proposed Rule
Date: 2005-03-09
Agency: Pension Benefit Guaranty Corporation, Agencies and Commissions
The PBGC proposes to require electronic filing of premium declarations. The requirement would become effective for plans with 500 or more participants starting with the 2006 plan year and for smaller plans starting with the 2007 plan year. Plans could apply to the PBGC for exemptions on a case-by-case basis. The PBGC has instituted an on- line e-filing facility (``My Plan Administration Account,'' or ``My PAA''), and during 2005 will upgrade My PAA to accept electronic filings made with the use of vendor or proprietary software.
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