The Pension Benefit Guaranty Corporation (PBGC) has issued a final rule to change its Privacy Act regulations by exempting a specific system of records from disclosure obligations. This system, called PBGC-19, is used for managing legal case records that support investigations into possible violations of laws. The rule allows PBGC to withhold certain investigatory records to maintain the confidentiality and integrity of their investigations. Effective January 6, 2025, these changes are designed to prevent interference with PBGC's legal processes and protect individuals' privacy.
Simple Explanation
The Pension Benefit Guaranty Corporation made a new rule that lets them keep certain important secret documents safe from being shared. This helps them catch people who might break the rules without them knowing and keeps everyone's personal details private.