The Pension Benefit Guaranty Corporation is changing how it helps preserve pension plans by targeting enforcement where plans are at risk and reducing requirements where they are not.
"Instead of using a one-size-fits-all approach, we are focusing on the handful of companies that pose real risk," said PBGC Director Josh Gotbaum. "For most companies, it will mean fewer requirements and less hassle — and it will let us use our resources where they're really needed."
As a result, 92 percent of companies that sponsor pension plans will not face enforcement efforts. This includes small plans with 100 participants or less.
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