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Penalties

Opinion Letter 75-11

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.

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