View Rule

View EO 12866 Meetings Printer-Friendly Version     Download RIN Data in XML
PBGC RIN: 1212-AB45 Publication ID: Spring 2023 
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.

 
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:
Action Source Description Date
Final  Statutory  Deadline is January 15 of each year  01/15/2018 
Timetable:
Action Date FR Cite
Final Rule (2018)  01/12/2018  83 FR 1555   
Final Rule (2018) Effective  01/12/2018 
Final Rule (2019)  12/28/2018  83 FR 67073   
Final Rule (2019) Effective   12/28/2018 
Final Rule (2020)  01/15/2020  85 FR 2304   
Final Rule (2020) Effective  01/15/2020 
Final Rule (2021)  01/13/2021  86 FR 2541   
Final Rule (2021) Effective  01/13/2021 
Final Rule (2022)  01/14/2022  87 FR 2340   
Final Rule (2022) Effective  01/14/2022 
Final Rule (2023)  01/12/2023  88 FR 1991   
Final Rule (2023) Effective  01/12/2023 
Final Rule (2024)  01/00/2024 
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