FR C1-2025-05531

In the Federal Register correction notice documented as 90 FR 15211, the Pension Benefit Guaranty Corporation addresses a typographical error found in the original document regarding the "Allocation of Assets in Single-Employer Plans" and the related interest assumptions used for valuing benefits. Originally published on April 3, 2025, the administrative correction clarifies that "assumption" should be "assumptions" in the SUPPLEMENTARY INFORMATION section.

General Summary

This document is a formal correction notice issued by the Pension Benefit Guaranty Corporation (PBGC). It pertains to a previously published rule concerning the allocation of assets in single-employer pension plans, specifically addressing the interest assumptions for valuing benefits. The correction is minor and concerns changing a singular term to its plural form, which is necessary for consistency and clarity in regulatory language.

Significant Issues or Concerns

The correction notice itself doesn't introduce any substantive changes to the regulatory content or its implications. The primary function of this notice is to ensure clarity in the language used in official documents. No significant issues or controversial concerns arise from this correction as it is strictly editorial.

Broad Public Impact

For the general public, this correction is unlikely to have a direct or noticeable impact. The document addresses technical language in a specialized context, which may not affect stakeholders unless they are directly involved in sectors related to pension management or financial services. However, maintaining precision in regulatory documents ensures that the public benefits from clear, reliable, and professional communication when such policies affect their financial securities.

Impact on Specific Stakeholders

For stakeholders such as pension plan administrators, financial analysts, or legal professionals working within the regulatory framework governing single-employer pension plans, this correction enhances understanding. Accuracy in regulatory language is critical for proper implementation and compliance. Although this particular correction is minor, it underscores the importance for these stakeholders to stay updated with even the smallest of corrections, as precision impacts the legal interpretation and application of the rule.

In summary, while this correction notice is a minor amendment to an earlier document, it demonstrates the meticulous attention to detail required in regulatory documents. It serves as a small yet significant reminder of the importance of precision in formal communication and its underpinning role in ensuring effective regulation and compliance.