Business groups are unhappy with the Pension Benefit Guaranty Corporation’s (PBGC) final rule on reportable events. “Reportable events” signal financial problems for the pension plan or the company that sponsors it, which could risk tThe ERISA (Employee Retirement Income Security Act) Industry Committee (ERIC) is unhappy with the new rule. Annette Guarisco Fildes, president and CEO of ERIC, says, “This new regulation creates a burden for sponsors that is unnecessary and only adds to the complicated regulatory morass that has driven employers away from offering defined benefit pension plans.”

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