The Pension Benefit Guaranty Corporation (PBGC) is lowering the rates of penalty charged for late payment of premiums by all plans, and providing a waiver of most of the penalty for plans with a demonstrated commitment to premium compliance.
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Payment of Premiums; Late Payment Penalty Relief
The Pension Benefit Guaranty Corporation (PBGC) is lowering the rates of penalty charged for late payment of premiums by all plans, and providing a waiver of most of the penalty...
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Federal Register Citation
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81 FR 65542
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“Payment of Premiums; Late Payment Penalty Relief,” thefederalregister.org (September 23, 2016), https://thefederalregister.org/documents/2016-22901/payment-of-premiums-late-payment-penalty-relief.