PBGC seeks comments on information contained in quarterly survey of insurance company rates for pricing annuity contracts

The Pension Benefit Guaranty Corporation (PBGC) is seeking public comment on an extension, with modifications, of a currently-approved collection of information contained in a quarterly survey of insurance company rates for pricing annuity contracts. The rates are used by the PBGC to formulate actuarial valuation methods and assumptions that must be used to determine the actuarial present value of benefits for single-employer plans that terminate, and for multiemployer plans that undergo a mass withdrawal of contributing employers. The PBGC is proposing four changes to this survey, which is distributed by the American Council of Life Insurers, including the addition of two questions.
Written comments should be submitted by June 20, 2018. Comments should be sent to the Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Pension Benefit Guaranty Corporation, via electronic mail at OIRA_DOCKET@omb.eop.gov, or by fax to (202) 395-6974.

Source: 83 FR 23493
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