Web§ 4262.16 Conditions for special financial assistance. (a) In general. A plan that receives special financial assistance must be administered in accordance with the conditions in … WebSection 4262(k)(1)(C)(i)(l) of ERISA, in relevant part, provides that in determining the amount of SFA to be specified in its application, an eligible multiemployer plan shall use the interest rate used by the plan in its most recently completed certification of …
Employee Retirement Income Security Act (ERISA) - DOL
WebAn application must identify the eligibility requirements in § 4262.3 that the plan satisfies to be eligible for special financial assistance. An application for a plan that is eligible under section 4262 (b) (1) (C) of ERISA must include a demonstration to support that the plan … WebThe plan shall pay each participant and beneficiary that is in pay status as of the date special financial assistance is paid to the plan the aggregate amount of the participant 's … philips sonicare electric toothbrush offers
Advisory Opinion 1997-23A U.S. Department of Labor - DOL
Websection 4262(l) of ERISA and §§ 4262.13 and 14 of PBGC’s SFA regulation. Use of SFA funds (section 4262(l) of ERISA): (1) The plan must use the SFA funds only to pay benefits and administrative expenses. (2) The plan must segregate the SFA funds from other plan assets. (3) The plan must invest the SFA funds only in permissible investments. Web13 Oct 2024 · The law contains a number of special relief provisions to soften the impact of withdrawal liability. Among them are: a de minimis reduction (a rule that generally reduces small withdrawal liability obligations); a 20-year payment cap; a credit for a prior partial withdrawal; and a limitation on liability under ERISA Sec. 4225. Web§ 4262.12 Payment of special financial assistance. (a) Amount of special financial assistance under this part. The amount of special financial assistance to be paid by PBGC to or for a plan for which either an initial or a revised application for special financial assistance is filed on or after August 8, 2024, will be the total of - philips sonicare electric toothbrushes amazon