PBGC Requests Extension of Collection of Information on Liability for Termination of Single-Employer Plans; Comments Due May 30

​Pension Benefit Guaranty Corporation (PBGC) issued a notice requesting that the Office of Management and Budget (OMB) extend approval of a collection of information in its regulation on Liability for Termination of Single-Employer Plans that expires May 31, 2017. PBGC's employer liability regulation (29 CFR 4062.6) requires a contributing sponsor who believes employer liability upon plan termination exceeds 30 percent of the employer's net worth to notify PBGC and to submit net worth information. PBGC is requesting that OMB extend its approval for another three years.

Comments are due May 30, 2017.