Federal Register #2026-16892

Request for public comment on information collection for Defined Benefit Plan Annual Funding Notice

The Department of Labor (DOL), via its Employee Benefits Security Administration (EBSA), is seeking public comment on its information collection requirements for the Defined Benefit Plan Annual Funding Notice. - Government Buyer: - Department of Labor (DOL) - Employee Benefits Security Administration (EBSA) - No products or services are being procured; this is a regulatory notice for public comment. - Purpose: - Solicits feedback on the information collection burden for defined benefit pension plan administrators. - Administrators must provide annual funding notices to participants, beneficiaries, labor organizations, employers, and the Pension Benefit Guaranty Corporation (PBGC). - Notable Requirements: - Includes details on funding interest rate stabilization and disclosure requirements for plans in critical and declining status. - Addresses impacts of legislative changes such as MAP-21 and the Multiemployer Pension Reform Act (MPRA). - OEMs/Vendors Mentioned: - Department of Labor (DOL) - Employee Benefits Security Administration (EBSA) - No procurement of goods or services; focus is on regulatory compliance and reporting.

Description

The Department of Labor (DOL) is submitting an information collection request (ICR) sponsored by the Employee Benefits Security Administration (EBSA) to the Office of Management and Budget (OMB) for review and approval under the Paperwork Reduction Act of 1995 (PRA). This notice invites public comments on the ICR related to the Defined Benefit Plan Annual Funding Notice. The collection involves requirements for defined benefit pension plans to furnish annual funding notices to participants, beneficiaries, labor organizations, employers, and the Pension Benefit Guaranty Corporation (PBGC). The notice includes details on funding interest rate stabilization and disclosure requirements for plans in critical and declining status.

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