• The PBGC's Proposed Changes May Affect Plan Sponsors with Credit Agreements
  • February 17, 2010 | Author: S. Tony Ling
  • Law Firm: Jenner & Block LLP - Chicago Office
  • On November 23, 2009, the Pension Benefit Guaranty Corporation (the “PBGC”) proposed amending its regulations to eliminate reportable event waivers and extensions, add new information requirements and add two new reportable events. The intent of the changes is to give the PBGC the ability to collect additional information regarding qualified defined benefit plans and their sponsors so that it can more readily keep track of troubled plans and sponsors.