The Pension Benefit Guaranty Corporation (PBGC) has unveiled plans to reduce the regulatory burden placed on sponsors of pension plans. PBGC will review its regulations to cut down administrative burdens, streamline the filing of premiums and information as well as make it easier for small businesses to comply with regulations.
PBGC will take feedback from plan sponsors and the public through public hearings, online town hall meetings and social media, among others. The move is part of an effort to implement a White House executive order urging all regulatory agencies to make rules more user-friendly and less costly for businesses.
Click here for the release from Pension Benefit Guaranty Corporation.
