Pension plan sponsors affected by Hurricane Harvey get a break on deadlines and other administrative actions, and retirees can still be paid, the PBGC says. (Photo: AP)

The Pension Benefit Guaranty Corporation has announced that it is working to be sure that retirees and beneficiaries in the areas hit by Hurricane Harvey keep receiving benefit payments.

The PBGC is also waiving some penalties and extending some deadlines for plan administrators and contributing sponsors, as well as other “designated persons.”

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