PBGC No Longer Accepting Checks for Premium Payments

The Pension Benefit Guaranty Corporation (PBGC) has indicated in a recent “What's New” post that it will no longer receive paper checks for premium payments after June 30, 2026. PBGC adds that accepted forms of premium payments now include My PAA, Pay.gov, or an Electronic Funds Transfer. Plans may be subject to late interest and penalty if a timely electronic payment is not received by the filing due date.