Notice2026-00288
Submission of Information Collection for OMB Review; Comment Request; Payment of Premiums; Termination Premium
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 12, 2026
Issuing agencies
Pension Benefit Guaranty Corporation
Abstract
The Pension Benefit Guaranty Corporation (PBGC) is requesting that the Office of Management and Budget (OMB) extend approval, under the Paperwork Reduction Act, of a collection of information for the termination premium under its regulation on Payment of Premiums. This notice informs the public of PBGC's request and solicits public comment on the collection of information.
Full Text
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<title>Federal Register, Volume 91 Issue 7 (Monday, January 12, 2026)</title>
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[Federal Register Volume 91, Number 7 (Monday, January 12, 2026)]
[Notices]
[Page 1219]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-00288]
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PENSION BENEFIT GUARANTY CORPORATION
Submission of Information Collection for OMB Review; Comment
Request; Payment of Premiums; Termination Premium
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice of request for extension of OMB approval of information
collection.
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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is requesting
that the Office of Management and Budget (OMB) extend approval, under
the Paperwork Reduction Act, of a collection of information for the
termination premium under its regulation on Payment of Premiums. This
notice informs the public of PBGC's request and solicits public comment
on the collection of information.
DATES: Comments must be submitted on or before February 11, 2026 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Comments received will be posted without change to PBGC's website,
<a href="http://www.pbgc.gov">www.pbgc.gov</a>, including any personal information provided. Do not
submit comments that include any personally identifiable information
(such as name, address, or other contact information) or confidential
business information that you do not want publicly disclosed. Comments
may be submitted anonymously. A copy of the request will be posted on
PBGC's website at <a href="http://www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment">www.pbgc.gov/prac/laws-and-regulation/federal-register-notices-open-for-comment</a>. It may also be obtained without
charge by writing to the Disclosure Division (<a href="/cdn-cgi/l/email-protection#8befe2f8e8e7e4f8fef9eecbfbe9ece8a5ece4fd"><span class="__cf_email__" data-cfemail="284c415b4b44475b5d5a4d68584a4f4b064f475e">[email protected]</span></a>),
Office of the General Counsel, Pension Benefit Guaranty Corporation,
445 12th Street SW, Washington, DC 20024-2101; or, calling 202-229-4040
during normal business hours. If you are deaf or hard of hearing, or
have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
FOR FURTHER INFORMATION CONTACT: Jose Singer-Freeman (<a href="/cdn-cgi/l/email-protection#3d4e54535a584f105b4f5858505c531357524e587d4d5f5a5e135a524b"><span class="__cf_email__" data-cfemail="394a50575e5c4b145f4b5c5c5458571753564a5c79495b5e5a175e564f">[email protected]</span></a>; 202-701-8073), Attorney, or Monica O'Donnell
(<a href="/cdn-cgi/l/email-protection#5c333833323239303072313332353f3d1c2c3e3b3f723b332a"><span class="__cf_email__" data-cfemail="7e111a1110101b121250131110171d1f3e0e1c191d50191108">[email protected]</span></a>; 202-229-5507), Attorney, Office of the
General Counsel, Pension Benefit Guaranty Corporation, 445 12th Street
SW, Washington, DC 20024-2101. If you are deaf or hard of hearing, or
have a speech disability, please dial 7-1-1 to access
telecommunications relay services.
SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation
(PBGC) is requesting that the Office of Management and Budget (OMB)
extend approval, under the Paperwork Reduction Act, of a collection of
information under title IV of the Employee Retirement Income Security
Act of 1974 (ERISA) and PBGC's premium regulations (29 CFR parts 4006
and 4007) (OMB control number 1212-0064, expires March 31, 2026). This
notice informs the public of PBGC's request and solicits public comment
on the collection of information.
PBGC administers the pension plan termination insurance program
under title IV of ERISA. Section 4006(a)(7) of ERISA provides for a
``termination premium'' (in addition to the flat-rate and variable-rate
premiums under sections 4006(a)(3) and (8)) that is payable for 3 years
following certain distress and involuntary plan terminations. PBGC's
regulations on Premium Rates (29 CFR part 4006) and Payment of Premiums
(29 CFR part 4007) implement the termination premium. Sections 4007.3
and 4007.13(b) of the premium payment regulation require the filing of
termination premium information and payments with PBGC.
In general, the termination premium applies where a single-employer
plan terminates in a distress termination under section 4041(c) of
ERISA (unless contributing sponsors and controlled group members meet
the bankruptcy liquidation requirements of section 4041(c)(2)(B)(i)) or
in an involuntary termination under section 4042 of ERISA, and the
termination date under section 4048 of ERISA is after 2005.
The termination premium is payable for 3 years and the same amount
is payable each year. The termination premium is due on the 30th day of
each of 3 consecutive 12-month periods. The first 12-month period
generally begins shortly after the termination date or after the
conclusion of bankruptcy proceedings in certain cases. The termination
premium and related information must be filed by a person liable for
the termination premium. The persons liable for the termination premium
are contributing sponsors and members of their controlled groups,
determined on the day before the plan termination date. Section 4007.10
of PBGC's Payment of Premiums regulation requires the retention of
records supporting or validating the computation of premiums paid and
requires that the records be made available to PBGC.
PBGC uses Form T and its corresponding instructions for paying the
termination premium. The existing Form T and its corresponding
instructions is approved through March 31, 2026, under OMB control
number 1212-0064. On August 4, 2025, PBGC published in the Federal
Register (at 90 FR 36456) a notice informing the public of its intent
to request an extension of this collection of information. No comments
were received. PBGC is requesting that OMB extend approval of the
collection for 3 years. An agency may not conduct or sponsor, and a
person is not required to respond to, a collection of information
unless it displays a currently valid OMB control number.
PBGC estimates that, during the next 3 years, it will receive an
average of 1 Form T filing per year. PBGC estimates that the total
annual burden for the collection of information will be 5 minutes and
$67.
Issued in Washington, DC.
Joseph Krettek,
Assistant General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2026-00288 Filed 1-9-26; 8:45 am]
BILLING CODE 7709-02-P
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