PBGC Releases Final Rule With Corrections, Clarifications, and Improvements

The Pension Benefit Guaranty Corporation (PBGC) is making miscellaneous technical corrections, clarifications, and improvements to its regulations, including those on premium rates, premium payment due dates, and termination of single-employer and multiemployer plans.

The final rule is based on PBGC’s ongoing efforts to review the effectiveness and clarity of its rules and reflect input from stakeholders. The rule:

• Provides additional time for terminating plans to submit their final premium filing,
• Requires coverage determination requests and forms related to standard terminations and the missing participant program to be submitted electronically, and
• Codifies the special premium rules for cooperative and small employer charity (CSEC) plans that were implemented in the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).

The final rule is effective September 15, 2025 and applicable to plan years beginning on or after January 1, 2026.