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. 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.