Governmental plans are exempt from PBGC coverage under the ERISA. Opinion letter 96-3 gives guidelines from the ERISA section (4021)(b)(2) for determining if an organization is a government employer.
Hurricane Harvey PBGC relief
The PBGC has announced Harvey relief in PBGC Disaster Relief Announcement 17-09. The relief is for “designated individuals” which aligns with the IRS’s affected individuals. Premium Filings – For PBGC premium filings due August 23, 2017 or later, the PBGC will not charge penalties if the filing is made by January 31, 2018. However, the … Read more