PBGC Issues Temporary Waiver for Reporting Attrition Events

The Pension Benefit Guaranty Corporation (PBGC) issued Technical Update 26-1, temporarily waiving the requirement to report a reduction in the number of active participants covered by the plan if due to an attrition event. The waiver is prospective; it only applies to plans whose reportable event notices are due on or after September 18, 2026.

Based on PBGC’s review of recent reportable event filings, waiving this reporting requirement will reduce compliance burdens for plan administrators and sponsors while preserving PBGC’s ability to receive timely notice of workforce reductions through the single-cause event reporting requirement.