29 CFR 4043.66 - Application for minimum funding waiver.

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§ 4043.66 Application for minimum funding waiver.

(a) Reportable event. Advance notice is required for an application for a minimum funding waiver, as described in § 4043.33.

(b) Extension. The notice date is extended until 10 days after the reportable event has occurred.

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United States Code

U.S. Code: Title 29 - LABOR

§ 1082 - Minimum funding standards

§ 1302 - Pension Benefit Guaranty Corporation

§ 1343 - Reportable events

Title 29 published on 2015-07-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 29 CFR Part 4043 after this date.

2015-09-11; vol. 80 # 176 - Friday, September 11, 2015

80 FR 54980 - Reportable Events and Certain Other Notification Requirements

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Additional Documents

type	regulations.gov
FR Doc.	2015-22941
RIN	1212-AB06

PENSION BENEFIT GUARANTY CORPORATION

Final rule.

Effective October 13, 2015. See Applicability in SUPPLEMENTARY INFORMATION.

29 CFR Parts 4000, 4001, 4043, 4204, 4206, and 4231

Summary

In 2013, PBGC proposed to establish risk-based safe harbors that would exempt most companies and plans from many of its reportable events requirements and target reporting toward the minority of plan sponsors and plans presenting the most substantial risk of involuntary or distress termination. After holding a hearing on the proposal, and carefully considering the public's written and oral comments, PBGC is publishing this final rule to make the requirements of the sponsor risk-based safe harbor more flexible, make the funding level for satisfying the well-funded plan safe harbor lower and tied to the variable-rate premium, and add public company waivers for five events. The waiver structure under the final rule will further reduce unnecessary reporting requirements, while at the same time better targeting PBGC's resources to plans that pose the greatest risks to the pension insurance system. PBGC anticipates the final rule will exempt about 94 percent of plans and sponsors from many reporting requirements and result in a net reduction in reporting to PBGC. This rulemaking is a result of PBGC's regulatory review under Executive Order 13563.