{"abstract":"Under ERISA, pension plans and the companies that sponsor them are required to report to PBGC a range of corporate and plan events. In 2009, PBGC proposed to increase reporting requirements by eliminating most reporting waivers. Plan sponsors and pension practitioners objected, saying that PBGC would have required reports where the actual risk to plans and PBGC is minimal. On reflection, PBGC agrees. This new proposal exempts most companies and plans from many reports, and targets requirements to the minority of companies and plans that are at substantial risk of default. PBGC developed a revised proposal under the auspices of Presidential Executive Order 13563, which directs agencies to review and revise existing regulations. Under the new proposal, reporting would be waived for most events currently covered by funding-based waivers if a plan or its sponsor comes within a financial soundness safe harbor based on widely available measures already used in business. Waivers for small plans would be expanded and some other existing waiver provisions would be retained with modifications; other waivers would be eliminated. In this way, PBGC can reduce unnecessary reporting requirements, while at the same time target its resources to plans that are at risk. The revised proposal will exempt more than 90 percent of plans and sponsors from many reporting requirements. Reporting requirements would also be made simpler and more uniform. PBGC will also provide for more open and extensive public comment on the proposed rule.","action":"Proposed rule.","agencies":[{"raw_name":"PENSION BENEFIT GUARANTY CORPORATION","name":"Pension Benefit Guaranty Corporation","id":405,"url":"https://www.federalregister.gov/agencies/pension-benefit-guaranty-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/405","parent_id":null,"slug":"pension-benefit-guaranty-corporation"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2013/04/03/2013-07664.html","cfr_references":[{"chapter":null,"citation_url":null,"part":4000,"title":29},{"chapter":null,"citation_url":null,"part":4001,"title":29},{"chapter":null,"citation_url":null,"part":4043,"title":29},{"chapter":null,"citation_url":null,"part":4204,"title":29},{"chapter":null,"citation_url":null,"part":4206,"title":29},{"chapter":null,"citation_url":null,"part":4231,"title":29}],"citation":"78 FR 20039","comment_url":null,"comments_close_on":"2013-06-03","correction_of":null,"corrections":[],"dates":"Comments must be submitted on or before June 3, 2013. A public hearing will be held on June 18, 2013. Outlines of topics to be discussed at the hearing must be submitted on or before June 4, 2013. See Public Participation below for more information on the hearing.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"2013-07664","effective_on":null,"end_page":20066,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2013/04/03/2013-07664.xml","html_url":"https://www.federalregister.gov/documents/2013/04/03/2013-07664/reportable-events-and-certain-other-notification-requirements","images":{"EP03AP13.000":{"large":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_large.png","medium":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_medium.png","original_size":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_original_size.png"},"EP03AP13.001":{"large":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_large.png","medium":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_medium.png","original_size":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_original_size.png"}},"images_metadata":{"EP03AP13.000":{"large":{"identifier":"EP03AP13.000","content_type":"image/png","size":120883,"width":823,"sha":"e1d1fa347e5b889be2704d3a6b645bca","url":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_large.png","height":1529},"medium":{"identifier":"EP03AP13.000","content_type":"image/png","size":72855,"width":573,"sha":"9cd84a1799ee655d62d9e61989423248","url":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_medium.png","height":1064},"original_size":{"identifier":"EP03AP13.000","content_type":"image/png","size":284647,"width":4328,"sha":"721234d449e7ef8daed159e8c4bbcfa9","url":"https://img.federalregister.gov/EP03AP13.000/EP03AP13.000_original_size.png","height":8039}},"EP03AP13.001":{"large":{"identifier":"EP03AP13.001","content_type":"image/png","size":145695,"width":823,"sha":"14729bf3bacf89bb4a3b8d7b8799af48","url":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_large.png","height":1985},"medium":{"identifier":"EP03AP13.001","content_type":"image/png","size":53501,"width":432,"sha":"65f232b431c059da1b770353ea6405e0","url":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_medium.png","height":1042},"original_size":{"identifier":"EP03AP13.001","content_type":"image/png","size":257486,"width":3258,"sha":"2748afb1b9e7e8446b80b365ed544151","url":"https://img.federalregister.gov/EP03AP13.001/EP03AP13.001_original_size.png","height":7858}}},"json_url":"https://www.federalregister.gov/api/v1/documents/2013-07664?publication_date=2013-04-03","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2013-04-03/2013-07664/mods.xml","not_received_for_publication":null,"page_length":28,"page_views":{"count":1528,"last_updated":"2026-10-23 20:15:05 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2013-04-03/pdf/2013-07664.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2013-07664.pdf?1364916139","publication_date":"2013-04-03","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2013/04/03/2013-07664.txt","regulation_id_number_info":{"1212-AB06":{"issue":"201504","html_url":"https://www.federalregister.gov/regulations/1212-AB06/reportable-events-and-certain-other-notification-requirements","title":"Reportable Events and Certain Other Notification Requirements","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201504&RIN=1212-AB06&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1212-AB06"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1212-AB06/reportable-events-and-certain-other-notification-requirements","title":"Reportable Events and Certain Other Notification Requirements"},"comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=PBGC-2013-0001","supporting_documents_count":0,"docket_id":"PBGC-2013-0001","regulation_id_number":"1212-AB06","title":"Reportable Events and Certain Other Notification Requirements","checked_regulationsdotgov_at":"2013-05-26T05:00:49Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":20039,"subtype":null,"title":"Reportable Events and Certain Other Notification Requirements","toc_doc":"Reportable Events and Certain Other Notification Requirements","toc_subject":null,"topics":["Employee benefit plans","Pension insurance","Reporting and recordkeeping requirements"],"type":"Proposed Rule","volume":78}