Regulatory and Legislative

PBGC COVID-19-Related Compliance FAQs for DB Plans

The Pension Benefit Guaranty Corporation (PBGC), the agency that provides benefit insurance for many single-employer defined benefit (DB) pension plans, has issued frequently-asked-question (FAQ) compliance guidance for these plans as their sponsoring employers deal with the coronavirus (COVID-19) pandemic. Included in these FAQs are the following.

Extended deadline to make required plan contributions
PBGC processing of distress termination applications
PBGC collection of termination liabilities
Early Warning Program inquiries during the pandemic
Reporting of minimum required contribution failures

DB Defined Benefit Plan PBGC Compliance COVID-19

Regulatory and Legislative

Retirement Plan Disaster Assistance May Be Available for North Dakota Wildfires and Straight-line Winds

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on December 24, 2024, for North Dakota.

Regulatory and Legislative

IRS Provides 2025 Covered Compensation Tables Used in DB Plans

The Internal Revenue Service issued Revenue Ruling 2025-2, containing the covered compensation tables for the 2025 plan year.

Regulatory and Legislative

Applicability of Certain Aspects of RMD Regulations Delayed to 2026

The Internal Revenue Service released Announcement 2025-2, delaying the anticipated applicability date for future final regulations relating to required minimum distributions.