Federal Register #2026-13124

PBGC Final Rule: Interest Assumptions for Single-Employer Pension Plan Terminations

This opportunity concerns a regulatory update from the Pension Benefit Guaranty Corporation (PBGC) regarding pension plan asset allocation: - Government Buyer: - Pension Benefit Guaranty Corporation (PBGC), a US Federal Government agency - No OEMs or vendors are involved, as this is not a procurement action - No products or services are being requested; this is a technical amendment to existing regulations - The final rule updates the interest assumptions (specifically, the spreads component) for valuing benefits in terminating single-employer pension plans - Applies to plans with valuation dates from July 31, 2026, to October 30, 2026 - Ensures interest assumptions align with private sector group annuity prices - The rule is published quarterly and includes technical amendments affecting actuarial calculations for pension plan terminations - No purchase quantities, part numbers, or unique procurement requirements are present

Description

This final rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in Single-Employer Plans to prescribe the spreads component of the interest assumption for plans with valuation dates from July 31, 2026, to October 30, 2026. These interest assumptions are used for valuing benefits under terminating single-employer plans and for other related purposes. The rule ensures that the interest assumptions align with private sector group annuity prices and are published quarterly. The effective date of this rule is July 31, 2026.

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