29 C.F.R. § 4022.3   Guaranteed benefits.


Title 29 - Labor


Title 29: Labor
PART 4022—BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS
Subpart A—General Provisions; Guaranteed Benefits

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§ 4022.3   Guaranteed benefits.

Except as otherwise provided in this part, the PBGC will guarantee the amount, as of the termination date, of a benefit provided under a plan to the extent that the benefit does not exceed the limitations in ERISA and in subpart B, if—

(a) The benefit is, on the termination date, a nonforfeitable benefit;

(b) The benefit qualifies as a pension benefit as defined in §4022.2; and

(c) The participant is entitled to the benefit under §4022.4.

[61 FR 34028, July 1, 1996; 61 FR 67943, Dec. 26, 1996]

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