Source: https://www.law.cornell.edu/cfr/text/29/4007.7
Timestamp: 2017-05-24 08:20:32
Document Index: 736657744

Matched Legal Cases: ['art 4007', '§ 4007', 'art 4007', 'art 4007', 'art 4007', 'art 4007', 'art 4007']

29 CFR 4007.7 - Late payment interest charges. | US Law | LII / Legal Information Institute
CFR › Title 29 › Subtitle B › Chapter XL › Subchapter B › Part 4007 › Section 4007.7 29 CFR 4007.7 - Late payment interest charges.
§ 4007.7 Late payment interest charges.
(a) If any premium payment due under this part is not paid by the due date prescribed for such payment by this part, an interest charge will accrue on the unpaid amount at the rate imposed under section 6601(a) of the Code for the period from the date payment is due to the date payment is made. Late payment interest charges are compounded daily. (b) With respect to any PBGC bill for a premium underpayment and/or interest thereon, interest will accrue only until the date of the bill if the premium underpayment and interest billed are paid within 30 days after the date of the bill.
[ 61 FR 34020, July 1, 1996, as amended at 72 FR 71229, Dec. 17, 2007; 73 FR 15076, Mar. 21, 2008]
Title 29 published on 03-May-2017 04:00The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 29 CFR Part 4007 after this date.2016-09-23; vol. 81 # 185 - Friday, September 23, 201681 FR 65542 - Payment of Premiums; Late Payment Penalty Relief
typeregulations.gov FR Doc.2016-22901 RIN1212-AB32 PENSION BENEFIT GUARANTY CORPORATION Final rule. Effective date: This rule is effective on October 24, 2016. Applicability date: The changes made by this rule apply to late premium payments for plan years beginning after 2015. 29 CFR Part 4007 SummaryThe Pension Benefit Guaranty Corporation (PBGC) is lowering the rates of penalty charged for late payment of premiums by all plans, and providing a waiver of most of the penalty for plans with a demonstrated commitment to premium compliance.
2016-04-28; vol. 81 # 82 - Thursday, April 28, 201681 FR 25363 - Payment of Premiums; Late Payment Penalty Relief
typeregulations.gov FR Doc.2016-09960 RIN1212-AB32 PENSION BENEFIT GUARANTY CORPORATION Proposed rule. Comments must be submitted on or before June 27, 2016. 29 CFR Part 4007 SummaryThe Pension Benefit Guaranty Corporation (PBGC) proposes to lower the rates of penalty charged for late payment of premiums by all plans, and to provide a waiver of most of the penalty for plans with a demonstrated commitment to premium compliance. PBGC seeks public comment on its proposal.
2012-04-04; vol. 77 # 65 - Wednesday, April 4, 201277 FR 20295 - Payment of Premiums
typeregulations.gov FR Doc.2012-8185 RIN PENSION BENEFIT GUARANTY CORPORATION 29 CFR Part 4007 Summary
2012-02-09; vol. 77 # 27 - Thursday, February 9, 201277 FR 6675 - Premium Penalty Relief for Certain Delinquent Plans
typeregulations.gov FR Doc.2012-3054 RIN PENSION BENEFIT GUARANTY CORPORATION Policy statement. 29 CFR Part 4007 SummaryExecutive Order 13563 on Improving Regulation and Regulatory Review directs agencies to review and improve their regulatory processes. As a result of this regulatory review, among other initiatives, PBGC is announcing a limited window for covered plans that have never paid required premiums to pay past-due premiums without penalty.