The Pension Benefit Guaranty Corporation hasannounced that it is working to be sure that retirees andbeneficiaries in the areas hit by Hurricane Harvey keep receiving benefitpayments.
The PBGC is also waiving some penalties and extending somedeadlines for plan administrators and contributing sponsors, aswell as other “designated persons.”
The agency has issued guidance about what’s being done in the disaster areaconsisting of Aransas, Bee, Brazoria, Calhoun, Chambers, Fort Bend,Galveston, Goliad, Harris, Jackson, Kleberg, Liberty, Matagorda,Nueces, Refugio, San Patricio, Victoria and Wharton counties.
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