[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22529-22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC)
_______________________________________________________________________
[[Page 22529]]
Semiannual Regulatory Agenda
[[Page 22530]]
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Ch. XXVI
Agenda of Regulations Under Development
AGENCY: Pension Benefit Guaranty Corporation (PBGC).
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: This document sets forth the Pension Benefit Guaranty
Corporation's regulatory agenda issued under Executive Order 12866 and
the Regulatory Flexibility Act. The agenda lists regulations that are
currently under development or review or that PBGC expects to have
under development or review during the next 12 months. The effect of
this agenda is to advise the public of PBGC's current and future
regulatory activities.
ADDRESSES: Office of the General Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW., Washington, DC 20005-4026.
FOR FURTHER INFORMATION CONTACT: For further information on the agenda
in general, contact Harold J. Ashner, Assistant General Counsel, Office
of the General Counsel, (202) 326-4024. For information about a
specific regulation project listed on the agenda, contact the person
designated in the agenda for that regulation.
SUPPLEMENTARY INFORMATION: Under the President's order on Regulatory
Planning and Review, Executive Order 12866 (58 FR 51735, October 4,
1993), each agency is required to prepare an agenda of all regulations
under development or review. The Regulatory Flexibility Act, Public Law
98-354, 5 U.S.C. 601, has a similar agenda requirement. Under that law,
the agenda must list any regulation that is likely to have a
significant economic impact on a substantial number of small entities.
The Office of Management and Budget has issued guidelines
prescribing the form and content of the regulatory agenda. Under
those guidelines, the agenda must list all regulatory activities
being conducted or reviewed in the next 12 months and provide
certain specified information on each regulation. All of the items
on this agenda are current or projected rulemakings.
John Seal,
Acting Executive Director, Pension Benefit Guaranty Corporation.
Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3748 Mergers and Transfers Between Multiemployer Plans.....................................
1212-AA69
3749 Treatment of Substantial Cessation of Operations......................................
1212-AA84
3750 Calculation and Payment of Unfunded Nonguaranteed Benefits............................
1212-AA54
3751 Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets.......
1212-AA55
----------------------------------------------------------------------------------------------------------------
Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3752 Payment of Premiums................................................................... 1212-AA58
3753 Disclosure of Premium-Related Information............................................. 1212-AA66
3754 Termination of Single Employer Plans.................................................. 1212-AA82
----------------------------------------------------------------------------------------------------------------
Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3755 Payment of Benefits in PBGC-Trusteed Plans............................................
1212-AA35
3756 Miscellaneous Statutory Amendments.................................................... 1212-AA79
----------------------------------------------------------------------------------------------------------------
Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3757 Reportable Events Requirements........................................................ 1212-AA80
----------------------------------------------------------------------------------------------------------------
[[Page 22531]]
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3748. MERGERS AND TRANSFERS BETWEEN MULTIEMPLOYER PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1411
CFR Citation: 29 CFR 4231
Legal Deadline: None
Abstract: ERISA section 4231 sets basic guidelines for mergers and
transfers between multiemployer plans, including a provision for a 120-
day notice to the PBGC. The PBGC's regulation on Mergers and Transfers
Between Multiemployer Plans contains implementing rules. Neither the
statute nor the regulation makes clear whether or how the merger and
transfer rules apply where one or more of the plans involved is
terminated. This proposed rule would amend 29 CFR part 4231 to clarify
its application to mergers and transfers involving one or more
terminated multiemployer plans and to specify the criteria that a
merger or transfer involving terminated plans must satisfy in order to
protect participants and beneficiaries in the affected plans, as well
as the PBGC, from risk of loss as a result of the merger or transfer.
The proposed rule would also liberalize the 120-day notice requirement
for all multiemployer mergers and transfers so that such transactions
can proceed more expeditiously.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/00/97
NPRM Comment Period End 06/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K St. NW., Washington,
DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22529-22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC)
_______________________________________________________________________
[[Page 22529]]
Semiannual Regulatory Agenda
[[Page 22530]]
PENSION BENEFIT GUARANTY CORPORATION
29 CFR Ch. XXVI
Agenda of Regulations Under Development
AGENCY: Pension Benefit Guaranty Corporation (PBGC).
ACTION: Semiannual regulatory agenda.
_______________________________________________________________________
SUMMARY: This document sets forth the Pension Benefit Guaranty
Corporation's regulatory agenda issued under Executive Order 12866 and
the Regulatory Flexibility Act. The agenda lists regulations that are
currently under development or review or that PBGC expects to have
under development or review during the next 12 months. The effect of
this agenda is to advise the public of PBGC's current and future
regulatory activities.
ADDRESSES: Office of the General Counsel, Pension Benefit Guaranty
Corporation, 1200 K Street NW., Washington, DC 20005-4026.
FOR FURTHER INFORMATION CONTACT: For further information on the agenda
in general, contact Harold J. Ashner, Assistant General Counsel, Office
of the General Counsel, (202) 326-4024. For information about a
specific regulation project listed on the agenda, contact the person
designated in the agenda for that regulation.
SUPPLEMENTARY INFORMATION: Under the President's order on Regulatory
Planning and Review, Executive Order 12866 (58 FR 51735, October 4,
1993), each agency is required to prepare an agenda of all regulations
under development or review. The Regulatory Flexibility Act, Public Law
98-354, 5 U.S.C. 601, has a similar agenda requirement. Under that law,
the agenda must list any regulation that is likely to have a
significant economic impact on a substantial number of small entities.
The Office of Management and Budget has issued guidelines
prescribing the form and content of the regulatory agenda. Under
those guidelines, the agenda must list all regulatory activities
being conducted or reviewed in the next 12 months and provide
certain specified information on each regulation. All of the items
on this agenda are current or projected rulemakings.
John Seal,
Acting Executive Director, Pension Benefit Guaranty Corporation.
Proposed Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3748 Mergers and Transfers Between Multiemployer Plans.....................................
1212-AA69
3749 Treatment of Substantial Cessation of Operations......................................
1212-AA84
3750 Calculation and Payment of Unfunded Nonguaranteed Benefits............................
1212-AA54
3751 Allocation of Assets in Single-Employer Plans; Valuation of Benefits and Assets.......
1212-AA55
----------------------------------------------------------------------------------------------------------------
Final Rule Stage
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3752 Payment of Premiums................................................................... 1212-AA58
3753 Disclosure of Premium-Related Information............................................. 1212-AA66
3754 Termination of Single Employer Plans.................................................. 1212-AA82
----------------------------------------------------------------------------------------------------------------
Long-Term Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3755 Payment of Benefits in PBGC-Trusteed Plans............................................
1212-AA35
3756 Miscellaneous Statutory Amendments.................................................... 1212-AA79
----------------------------------------------------------------------------------------------------------------
Completed Actions
----------------------------------------------------------------------------------------------------------------
Regulation
Sequence Title Identifier
Number Number
----------------------------------------------------------------------------------------------------------------
3757 Reportable Events Requirements........................................................ 1212-AA80
----------------------------------------------------------------------------------------------------------------
[[Page 22531]]
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3748. MERGERS AND TRANSFERS BETWEEN MULTIEMPLOYER PLANS
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1411
CFR Citation: 29 CFR 4231
Legal Deadline: None
Abstract: ERISA section 4231 sets basic guidelines for mergers and
transfers between multiemployer plans, including a provision for a 120-
day notice to the PBGC. The PBGC's regulation on Mergers and Transfers
Between Multiemployer Plans contains implementing rules. Neither the
statute nor the regulation makes clear whether or how the merger and
transfer rules apply where one or more of the plans involved is
terminated. This proposed rule would amend 29 CFR part 4231 to clarify
its application to mergers and transfers involving one or more
terminated multiemployer plans and to specify the criteria that a
merger or transfer involving terminated plans must satisfy in order to
protect participants and beneficiaries in the affected plans, as well
as the PBGC, from risk of loss as a result of the merger or transfer.
The proposed rule would also liberalize the 120-day notice requirement
for all multiemployer mergers and transfers so that such transactions
can proceed more expeditiously.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/00/97
NPRM Comment Period End 06/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Deborah C. Murphy, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K St. NW., Washington,
DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
RIN: 1212-AA69
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3749. TREATMENT OF SUBSTANTIAL CESSATION OF OPERATIONS
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1362; 29 USC 1363; 29 USC
1364; 29 USC 1365
CFR Citation: 29 CFR 4062
Legal Deadline: None
Abstract: Section 4062(e) of ERISA imposes a contingent liability upon
an employer in the case of certain cessations of operations at a
facility. This rulemaking will address various issues that may arise
under this section.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 10/00/97
NPRM Comment Period End 12/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James L. Beller, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K Street NW.,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
Fax: 202 326-4112
Email: Beller.James@PBGC.gov
RIN: 1212-AA84
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22531]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3750. CALCULATION AND PAYMENT OF UNFUNDED NONGUARANTEED BENEFITS
Priority: Other Significant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1322(c)
CFR Citation: 29 CFR 4022 subpart C
Legal Deadline: None
Abstract: In the Pension Protection Act, Congress created a scheme by
which to channel employer liability recoveries to plan participants and
beneficiaries (amended ERISA section 4022(c)). Under section 4022(c),
participants no longer have a direct claim for employer liability.
Instead, the PBGC's claim covers both its shortfall (unfunded
guaranteed benefits) and participants' losses (unfunded nonguaranteed
benefits (UNBs)). In turn, the PBGC is to pay a portion of its employer
liability recovery to pay UNBs to participants and beneficiaries.
Section 4022(c) contains several ambiguities and also leaves to the
PBGC the development of specific rules and procedures necessary to make
this system work. Thus, a regulation is needed to implement these
statutory provisions.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 09/00/97
NPRM Comment Period End 11/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter H. Gould, Senior Counsel, Pension Benefit
Guaranty Corporation, Office of the General Counsel, 1200 K St. NW.,
Washington, DC 20005-4026
Phone: 202 326-4116
TDD: 202 326-4179
RIN: 1212-AA54
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22531-22532]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Proposed Rule Stage
_______________________________________________________________________
3751. ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS; VALUATION OF
BENEFITS AND ASSETS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 29 USC 1302(b)(3); 29 USC 1341
CFR Citation: 29 CFR 4044 subpart B
Legal Deadline: None
Abstract: Statutory changes necessitate several amendments to the
PBGC's allocation and valuation regulation (29 CFR part 4044). The PBGC
also plans to update its mortality tables.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Notice of Intent to Propose
Rulemaking 03/19/97 62 FR 12982
NPRM 10/00/97
NPRM Comment Period End 12/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James L. Beller, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K St. NW., Washington,
DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
RIN: 1212-AA55
[[Page 22532]]
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22532]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Final Rule Stage
_______________________________________________________________________
3752. PAYMENT OF PREMIUMS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 29 USC 1302(b)(3); 29 USC 1306; 29 USC 1307
CFR Citation: 29 CFR 4006; 29 CFR 4007
Legal Deadline: None
Abstract: Under sections 4006 and 4007 of ERISA, the PBGC has issued
its regulation governing the payment of premiums for pension plans
subject to title IV of ERISA (29 CFR parts 4006 and 4007). The PBGC
issued a proposed regulation to implement certain changes, relating
mainly to filing due dates, treatment of short plan years,
simplification of the alternative calculation method, and premium
payment requirements for large plans (including what plans are
considered large plans for this purpose). The purpose of the changes
would be primarily to simplify the premium payment system for plans and
the PBGC.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 04/10/92 57 FR 12666
NPRM Comment Period End 05/26/92
NPRM Comment Period Extended to
11/16/92 09/17/92 57 FR 42910
Final Action 11/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Deborah Murphy, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K St. NW., Washington,
DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
RIN: 1212-AA58
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22532]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Final Rule Stage
_______________________________________________________________________
3753. DISCLOSURE OF PREMIUM-RELATED INFORMATION
Priority: Substantive, Nonsignificant
Legal Authority: 29 USC 1302(b)(3); 29 USC 1306; 29 USC 1307
CFR Citation: 29 CFR 4007
Legal Deadline: None
Abstract: The PBGC's regulation on Payment of Premiums (29 CFR part
4007) currently requires plan administrators to retain, for six years,
all records necessary to support or validate premium payments and to
make those records available to the PBGC, upon request, for inspection
and photocopying. The PBGC proposed amendments to provide for the
submission to the PBGC of information in those records. The PBGC
expects these changes to increase the agency's efficiency and
effectiveness in conducting premium audits.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 12/17/96 61 FR 66247
NPRM Comment Period End 02/18/97
Final Action 06/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James L. Beller, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K St. NW., Washington,
DC 20005-4026
Phone: 202 326-4024
RIN: 1212-AA66
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22532]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Final Rule Stage
_______________________________________________________________________
3754. TERMINATION OF SINGLE EMPLOYER PLANS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 29 USC 1302(b)(3); 29 USC 1341
CFR Citation: 29 CFR 4041
Legal Deadline: None
Abstract: The PBGC's termination regulation (29 CFR part 4041) provides
rules and procedures plan administrators must follow to voluntarily
terminate a defined benefit pension plan. The PBGC is amending its
termination regulation to extend standard termination deadlines and
otherwise to simplify the standard termination process, to require that
plan administrators provide participants with information on State
guaranty association coverage of annuities, and to make conforming
changes to the distress termination process. The amendments also make
conforming and simplifying changes to the missing participants
regulation.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
NPRM 03/14/97 62 FR 12507
NPRM Comment Period End 05/13/97
Final Action 10/00/97
Final Action Effective 11/00/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Catherine B. Klion, Attorney, Pension Benefit Guaranty
Corporation, Office of the General Counsel, 1200 K Street NW.,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
Fax: 202 326-4112
RIN: 1212-AA82
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22532-22533]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Long-Term Actions
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22532]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Long-Term Actions
_______________________________________________________________________
3755. PAYMENT OF BENEFITS IN PBGC-TRUSTEED PLANS
Priority: Substantive, Nonsignificant
CFR Citation: 29 CFR 4022
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Peter H. Gould
Phone: 202 326-4116
RIN: 1212-AA35
_______________________________________________________________________
3756. MISCELLANEOUS STATUTORY AMENDMENTS
Priority: Substantive, Nonsignificant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in
[[Page 22533]]
the CFR to reduce burden or duplication, or streamline requirements.
CFR Citation: 29 CFR 4000 et seq
Timetable: Next Action Undetermined
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: Marc L. Jordan
Phone: 202 326-4024
TDD: 202 326-4179
RIN: 1212-AA79
_______________________________________________________________________
[April 25, 1997 (Volume 62, Number 80)]
[Unified Agenda]
From the Federal Register Online via GPO Access [frwais.access.gpo.gov]
[Page 22533]
Part XXXIX
Pension Benefit Guaranty Corporation
_______________________________________________________________________
PENSION BENEFIT GUARANTY CORPORATION (PBGC) Completed Actions
_______________________________________________________________________
3757. REPORTABLE EVENTS REQUIREMENTS
Priority: Other Significant
Reinventing Government: This rulemaking is part of the Reinventing
Government effort. It will revise text in the CFR to reduce burden or
duplication, or streamline requirements.
Legal Authority: 29 USC 1302(b); 29 USC 1343
CFR Citation: 29 CFR 4043
Legal Deadline: None
Abstract: Section 4043 of ERISA requires reporting to the PBGC of
certain events that may indicate a need for the PBGC to take action to
protect pension plan participants and the plan termination insurance
program. The Retirement Protection Act of 1994 amended the reportable
event requirements in ERISA section 4043 by: (1) applying to
contributing sponsors (as well as plan administrators) the requirement
to notify the PBGC of a reportable event within 30 days after a person
knows or has reason to know of its occurrence; (2) specifying four
additional types of events for which notice is required (except as
waived by the PBGC); and (3) requiring that, under limited
circumstances, a contributing sponsor must notify the PBGC in advance
of the occurrence of an event specified in the RPA or prescribed by
PBGC regulations.
The PBGC issued a regulation to implement these statutory changes. The
regulation contains extensive waivers and reporting extensions. In
developing the proposed regulation, the PBGC for the first time used a
negotiated rulemaking committee.
Timetable:
________________________________________________________________________
Action Date FR Cite
________________________________________________________________________
Notice of Intent (Negotiated
Rulemaking) 08/11/95 60 FR 41033
Notice of Intent Comment/
Application Period End 09/15/95
Notice of First Meeting
(Negotiated Rulemaking) 09/26/95 60 FR 49531
Notice of Establishment of
Negotiated Rulemaking Advisory
Committee 10/05/95 60 FR 52135
Notice of Meetings (Negotiated
Rulemaking) 10/25/95 60 FR 54619
Notice of Meeting (Negotiated
Rulemaking) 03/26/96 61 FR 13117
NPRM 07/24/96 61 FR 38409
NPRM Comment Period End 09/23/96
Final Action 12/02/96 61 FR 63987
Final Action Effective 01/01/97
Small Entities Affected: None
Government Levels Affected: None
Agency Contact: James L. Beller, Attorney, Office of the General
Counsel, Pension Benefit Guaranty Corporation, 1200 K Street NW.,
Washington, DC 20005-4026
Phone: 202 326-4024
TDD: 202 326-4179
RIN: 1212-AA80
[FR Doc. 97-7858 Filed 04-24-97; 8:45 am]
BILLING CODE 7708-01-F
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