The Pension Benefit Guaranty Corp. has proposed some relief forsponsors of single and multiemployer pension plans who aretardy on premium payments.
The federal agency charged with guarantying the country’sprivate-sector pension plans says that as premiumshave risen, so have the penalties on late payments.
"We think penalties should be no more than necessary toencourage timely payments," said PBGC Director Tom Reeder in arelease. Reeder was appointed and confirmed to lead the agency lastyear. "I'm committed to doing everything I can to help companieskeep their pension plans."
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