The fine for not telling the pension agency important things just went up

The Pension Benefit Guaranty Corporation just increased the maximum penalty for companies that fail to provide required information. This means companies that manage pensions will pay more if they miss deadlines or hide details from the agency.

The Pension Benefit Guaranty Corporation protects the pensions of millions of Americans. When companies fail to report information, it makes it harder for the agency to do its job. Raising the penalty makes it more expensive for companies to ignore these rules.