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PBGC | RIN: 1212-AB45 | Publication ID: Fall 2021 |
Title: Adjustment of Civil Penalties | |
Abstract:
This final rule is required annually to amend the Pension Benefit Guaranty Corporation's civil penalty regulations to adjust for inflation the maximum penalty provided for in sections 4071 and 4302 of the Employee Retirement Income Security Act of 1974. This action is being taken in accordance with the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. |
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Agency: Pension Benefit Guaranty Corporation(PBGC) | Priority: Routine and Frequent |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 29 CFR 4071 29 CFR 4302 | |
Legal Authority: 28 U.S.C. 2461 (note) The Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, sec. 701, Pub. L. 114-74 |
Legal Deadline:
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Hilary Duke Assistant General Counsel for Regulatory Affairs Pension Benefit Guaranty Corporation 445 12th Street SW, Washington, DC 20024 Phone:202 229-3839 Email: duke.hilary@pbgc.gov |