The Pension Benefit Guaranty Corporation (PBGC) on April 10 announced that it has extended deadlines for upcoming premium payments and other filings with the agency due to the COVID-19 pandemic.
Specifically, the PBGC has extended due dates for filings or actions that would otherwise have been due on or after April 1, 2020, and before July 15, 2020, to July 15, 2020. The PBGC took the action in accordance with President Trump’s March 13 declaration of a national emergency.
PBGC Director Gordon Hartogensis said in a press release that “PBGC understands the far-reaching effects COVID-19 is having on workers, families, and companies across the country” and that its action “will offer flexibilities to deliver relief that many employers and pension plan service providers need during this unprecedented time.”
The PBGC noted that its extension of due dates does not apply to filings on its “Exceptions List” on the PBGC Disaster Relief webpage. Such filings involve particularly important or time-sensitive information where there may be a high risk of substantial harm to participants or the PBGC’s insurance program.
Additional information concerning the PBGC’s actions in response to the COVID-19 outbreak is available here.
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