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PBGC Proposes Electronic Filing of Plan Termination Forms

The Pension Benefit Guaranty Corporation (PBGC) is proposing that the plan administrator of a terminating plan in the private sector—standard or distress scenario—can submit termination forms electronically rather than via mail or personal delivery. The PBGC is also proposing an opportunity for such plan sponsors to engage in a pre-filing consultation to review and discuss the filing process and also determine if a distress filing is appropriate given specific circumstances.

www.planadviser.com; October 2, 2017.