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PBGC waives late payment penalties

The Pension Benefit Guaranty Corporation announced Wednesday it will waive penalties for late payment of 2011 premiums and will grant other premium-related relief as it continues to seek ways to ease regulatory burdens on customers.

By Jenny Ivy | Updated on September 15, 2011

The Pension Benefit Guaranty Corporation announced Wednesday it will waive penalties for late payment of 2011 premiums and will grant other premium-related relief as it continues to seek ways to ease regulatory burdens on customers.

“PBGC does what it can to help companies keep their pension plans,” said PBGC Director Josh Gotbaum. “One way we do this is by being flexible and responsive, and giving companies a break when it makes sense to do so. This relief is part of that ongoing effort.”

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