Regulatory Updates
Regulatory Updates provide quick access to employee benefit regulations, rulings and other guidance released by governmental agencies in the U.S. and Canada.
New updates to this page may be included in Today’s Headlines which is emailed to International Foundation members each business day. Inquiries regarding these updates should be directed to the Benefits Knowledge Center at the International Foundation at (888) 334-3327, option 5 or [email protected].
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PBGC Updates SFA Documentation
The Pension Benefit Guaranty Corporation (PBGC) has revised the Special Financial Assistance (SFA) documents included in its information collection. These updates include changes to the application instructions requiring the submission of census data to enable PBGC to perform an independent death audit to identify deceased pension plan participants and the submission of an assumptions summary.
In addition, PBGC has provided a process for plans to request expedited processing of revised applications and a process for plans to submit revised lock-in applications in limited circumstances.
The updated documents include:
- General SFA Application Filing Instructions, including a new Template 10 spreadsheet,
- SFA Application Amendment Cover Letter, and
- Lock-in Application.