Regulacje i polityka gospodarcza · 26.11.1999

Payment of Premiums

The PBGC is amending its regulation on Payment of Premiums to encourage self-correction of premium underpayments. The amendments make it easier to qualify for ``safe-harbor'' relief from late payment penalty charges and codify the PBGC's current premium penalty policy (under which the penalty charge is lowered from 5% per month to 1% per month if a premium payor corrects an underpayment before PBGC notification).