From: PlanSponsor
By Rebecca Moore
The PBGC says electronic filing of certain notices required by multiemployer plans would result in greater efficiencies for the government.
The Pension Benefit Guaranty Corporation (PBGC) is proposing to amend its regulations to require electronic filing of certain multiemployer notices.
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The proposed rule is part of PBGC’s ongoing implementation of the Government Paperwork Elimination Act and is consistent with the Office of Management and Budget (OMB)’s directive to remove regulatory impediments to electronic transactions. The proposal builds in flexibility to allow the agency to update the electronic filing process as technology advances.
