Labour market · 18/11/2010

Annual Funding Notice for Defined Benefit Plans

The Pension Benefit Guaranty Corporation (PBGC) is proposing a regulation that would require administrators of all defined benefit plans to provide an annual funding notice to the PBGC, participants, and beneficiaries. The notice must include information on the plan's funding status, and the proposed regulation aims to implement this requirement under the Employee Retirement Income Security Act of 1974 (ERISA), as amended by the Pension Protection Act of 2006 (PPA) and the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA).