The Pension Benefits Guaranty Corp. published a final rule on Friday pushing back the due date for flat rate premiums paid by large corporate retirement plans.
The payments are due Oct. 15, the same deadline for paying variable rate premiums. The original deadline was Feb. 28. The PBGC, which is the insurer for corporate pension plans, said the change was made as part of its effort to simplify rules and make them less burdensome.
In the past, the date premiums were due depended on the size of the plan. Now, all plans will be governed by the same deadline.
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