PBGC Form T Termination Premium Declaration

What Is PBGC Form T?

This is a legal form that was released by the U.S. Pension Benefit Guaranty Corporation and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is PBGC Form T?
A: PBGC Form T is a form used to declare the termination premium for plans insured by the Pension Benefit Guaranty Corporation (PBGC).

Q: What is the termination premium?
A: The termination premium is a fee paid by certain pension plans to the PBGC when the plan terminates.

Q: Who is required to file PBGC Form T?
A: Pension plans covered by the PBGC that are terminating must file PBGC Form T to declare the termination premium.

Q: What information is required on PBGC Form T?
A: PBGC Form T requires information about the pension plan being terminated, such as plan number, employer identification number, and plan termination date.

Q: Are there any deadlines for filing PBGC Form T?
A: Yes, the PBGC has specific deadlines for filing PBGC Form T. It is important to submit the form by the deadline to avoid penalties and late fees.

Q: What happens if I do not file PBGC Form T?
A: Failure to file PBGC Form T or pay the termination premium may result in penalties and other enforcement actions by the PBGC.

Q: Is there a fee for filing PBGC Form T?
A: There is no fee for filing PBGC Form T, but there may be a termination premium owed depending on the specific circumstances of the pension plan termination.