The Pension Benefit Guaranty Corp. has proposed allowing multiemployer plans to electronically file plan termination notices, notices of insolvency and applications for financial assistance.

The proposed change is part of PBGC's ongoing implementation of the Government Paper Elimination Act, according to a filing of the proposal in the Federal Register. 

Multiemployer plans are already required to electronically file other documents. The idea is to save taxpayers even more time and money, including reducing the need for plan administrators to contact PBGC. 

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