Federal Register #2026-12100

PBGC Proposed Rule: Technical Amendments to Special Financial Assistance Regulations

This opportunity involves a proposed regulatory update by the Pension Benefit Guaranty Corporation (PBGC) regarding special financial assistance for pension plans. - Government Buyer: - Pension Benefit Guaranty Corporation (PBGC) - No OEMs or vendors are involved, as this is not a procurement action - No products or services are being requested - Key Regulatory Amendments: - Clarifies which securities are permissible investments for special financial assistance funds - Specifies conditions requiring PBGC approval for settling withdrawal liability claims - Repeals the provision allowing plans to request reallocation of employer contributions for health benefit costs - No purchase quantities, part numbers, or unique technical requirements related to procurement are present - Focus is on regulatory clarifications and improvements, not acquisition of goods or services

Description

The Pension Benefit Guaranty Corporation (PBGC) is proposing technical corrections, clarifications, and improvements to its regulation on special financial assistance. The changes aim to clarify the permissibility of investing special financial assistance in certain securities and the condition requiring PBGC approval for settling withdrawal liability claims. The amendments also propose to repeal a provision that allowed plans receiving special financial assistance to request reallocation of employer contributions for health benefit costs. Comments on the proposed rule must be submitted by August 17, 2026.

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