The Pension Benefit Guaranty Corp. wants to expand efforts to get information about the participants in and beneficiaries of terminated pension plans.
The PBGC has notified the federal Office of Management and Budget (OMB) that it will be adding 3 new forms to the list of efforts it uses to locate and pay people affected by pension plan failures.
The PBGC insures defined benefit pension plans in the United States.
The federal Paperwork Reduction Act requires agencies to get permission to conduct new “collections of information” and put existing information collection activities through a regular review process.
The PBGC has permission to continue existing participant location collections until Sept. 30, 2011, officials say in a notice in the Federal Register.