Pension Benefit Guaranty Corporation 94-1 June 15, 1994 REFERENCE: [*1] >4007( )> >29 CFR 2610.7(a)> OPINION: I write in response to your letter regarding the method used by the Pension Benefit Guaranty Corporation ("PBGC") to calculate interest on premium underpayments under the PBGC's regulation on Payment of Premiums (29 CFR Part 2610).
Pension Benefit Guaranty Corporation 75-11 Janua ry 14, 1975 RE FERENCE: [*1] 4 007(b) Payment of Premiums. Penalties and Interest OP INION: Th is is in response to your letter of December 16, 1974. In t hat letter you requested a 60 day waiver of interest andpen alty charg es for failure to pay first full plan year premiums when due under Section 4007(a) of the EmployeeRetire ment Income Security Act of 1974 (hereinafter the "Act"). Th is Corporation i s not authorized to waive interes t charges on late payments.
Pension Benefit Guaranty Corporation 94-2 July 26, 1994 RE FERENCE: [*1] 400 7 Payment of Premiums 400 7(a) Payment of Premiums. Due Dates 400 7(b) Payment of Premiums.