29 C.F.R. § 4221.14 PBGC-approved arbitration procedures.
Title 29 - Labor
(a) Use of PBGC-approved arbitration procedures. In lieu of the procedures prescribed by this part, an arbitration may be conducted in accordance with an alternative arbitration procedure approved by the PBGC in accordance with paragraph (c) of this section. A plan may by plan amendment require the use of a PBGC-approved procedure for all arbitrations of withdrawal liability disputes, or the parties may agree to the use of a PBGC-approved procedure in a particular case. (b) Scope of alternative procedures. If an arbitration is conducted in accordance with a PBGC-approved arbitration procedure, the alternative procedure shall govern all aspects of the arbitration, with the following exceptions: (1) The time limits for the initiation of arbitration may not differ from those provided for by §4221.3. (2) The arbitrator shall be selected after the initiation of the arbitration. (3) The arbitrator shall give the parties opportunity for prehearing discovery substantially equivalent to that provided by §4221.5(a)(2). (4) The award shall be made available to the public to at least the extent provided by §4221.8(g). (5) The costs of arbitration shall be allocated in accordance with §4221.10. (c) Procedure for approval of alternative procedures. The PBGC may approve arbitration procedures on its own initiative by publishing an appropriate notice in the (1) A copy of the procedures for which approval is sought; (2) A description of the history, structure and membership of the organization that sponsors the procedures; and (3) A discussion of the reasons why, in the sponsoring organization's opinion, the procedures satisfy the criteria for approval set forth in this section. (d) Criteria for approval of alternative procedures. The PBGC shall approve an application if it determines that the proposed procedures will be substantially fair to all parties involved in the arbitration of a withdrawal liability dispute and that the sponsoring organization is neutral and able to carry out its role under the procedures. The PBGC may request comments on the application by publishing an appropriate notice in the [61 FR 34109, July 1, 1996, as amended at 68 FR 61356, Oct. 28, 2003]
Title 29: Labor
PART 4221—ARBITRATION OF DISPUTES IN MULTIEMPLOYER PLANS
§ 4221.14 PBGC-approved arbitration procedures.