ERIC Offers Recommendations on PBGC Information Collection Request on De-Risking Activities

The ERISA Industry Committee (ERIC), the Washington, D.C.-based trade association representing America’s major employers, today in a letter to the Pension Benefit Guaranty Corporation (PBGC) urged the agency to support plan sponsors’ efforts to maintain their defined benefit pension plans, including methods used by companies which enable them to continue to sponsor these plans.

ERIC offers recommendations that seek to ensure that the PBGC collects information that represents data related to the transactions subject to the Information Collection Request (and does not inadvertently over or under-report relevant data). In addition, ERIC also provides background information regarding de-risking transactions that it believes the PBGC will find helpful as the agency begins to collect data related to these activities.

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