Federal Register #2026-09334

PBGC Notice: No Adjustment of Civil Penalties for Inflation in 2026

This notice from the Pension Benefit Guaranty Corporation (PBGC) provides an update on civil monetary penalties for the 2026 calendar year: - Government Buyer: - Pension Benefit Guaranty Corporation (PBGC), a federal agency - No products or services are being procured or awarded in this notice - No OEMs or vendors are mentioned - Key Details: - PBGC is required by law to adjust civil penalties annually for inflation - For 2026, there will be no increase in penalty amounts due to the absence of a cost-of-living adjustment - Maximum penalties remain at $2,739 for section 4071 violations and $365 for section 4302 violations (related to failures to provide certain notices and information under ERISA) - Notice follows guidance from the Office of Management and Budget (OMB) - No procurement activity, contract value, or product/service line items are associated with this notice

Description

The Pension Benefit Guaranty Corporation (PBGC) is notifying the public that its civil monetary penalty amounts will not increase for the 2026 calendar year. PBGC is required by statute to annually adjust civil penalties for inflation but will maintain the 2025 penalty levels due to no cost-of-living adjustment for 2026. The penalties relate to failures to provide certain notices and information under ERISA provisions. This notice informs stakeholders that the maximum penalties remain at $2,739 for section 4071 and $365 for section 4302 violations.

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