Disaster Relief for IN
The Pension Benefit Guaranty Corporation ("PBGC") issued
Disaster Relief Announcement 09-08 on May 1, 2009, stating that it is "waiving certain penalties and extending certain deadlines in response to the severe storms and flooding that occurred on March 8, 2009, in Indiana."
The Disaster Relief Announcement provides information on:
- Persons Covered: referred to as Designated Persons "for which the Internal Revenue Service ("IRS") has provided relief in IND-09-56"
- Case-by-Case Issues: relief examples and contact information at the PBGC to request case-by-case relief
- Claiming Disaster Relief
- Premiums: example of a case where the PBGC "will waive the applicable penalty"
- Single-Employer Plan Terminations: standard terminations; distress terminations
- Reportable Event Notices: deadlines for Designated Persons for filing a reportable event post-event notice
- Annual Employer Reporting: "PBGC will grant relief where appropriate on a case-by-case basis for these reports"
- Requests for Reconsideration for Appeals - deadline for requesting "review of a PBGC determination under PBGC's regulation on Rules of Administrative Review of Agency Decisions"
- Multiemployer Plan Deadlines: multiemployer premium deadlines; other multiemployer deadlines
Please
contact us with questions about how the PBGC's Disaster Relief Announcement 09-08 applies to your particular situation.