Pension Benefit Guaranty Corporation (PBGC) Regulation

Current understanding

To be populated as evidence accumulates.

Evidence log

• 2025-04-09 — Protecting Employees and Retirees in Business Bankruptcies Act of 2025: cross-connection with employee-retiree-bankruptcy-protections: Elevated pension-withdrawal liability claims in Chapter 11 interact with PBGC’s role as insurer of underfunded pensions when sponsors reorganize. (novelty: 3)
• 2026-07-21 — Penalties for Failure To Provide Certain Notices or Other Material Information: PBGC proposed rule would formalize policies for calculating, imposing, and waiving monetary penalties when pension plans fail to timely provide required notices or other material information to PBGC and plan participants (see pbgc-notice-penalties). (novelty: 2)
• 2025-02-13 — Susan Muffley Act of 2025: Susan Muffley Act of 2025 (introduced) would require PBGC to restore full vested monthly benefits and pay lump-sum back payments to Delphi Corporation pension plan participants whose benefits were cut following GM’s 2009 bankruptcy — a targeted expansion of PBGC obligations beyond statutory guarantee limits for a specific participant group. (novelty: 2)
• 2026-05-21 — Form 5500 Filing Simplification Act: cross-connection with form-5500-filing-simplification: Form 5500 is the joint annual return-report filed with DOL, IRS, and PBGC; simplification legislation would affect PBGC’s data collection from single- and multiemployer plans. (novelty: 2)
• 2026-06-16 — Technical Amendments: Special Financial Assistance: PBGC proposed-rule (technical amendments) clarifies permissible investments of special financial assistance, specifies PBGC approval requirements for settling withdrawal liability claims, and repeals the provision permitting reallocation of employer contributions to cover health benefit costs. (novelty: 2)

Open questions

Related