Responding To PBGC Termination Of Benefit Plan: Part 1

Law360 (June 26, 2019, 1:06 PM EDT) -- This is the first of a three-part article that discusses the practical consequences of the Pension Benefit Guaranty Corporation choosing to involuntarily terminate a financially troubled defined benefit pension plan that is subject to the PBGC's pension insurance program.

The first part of the series discusses the circumstances that may lead the PBGC to select a plan for involuntary termination. The second part of the series will discuss plan sponsor responses to a PBGC involuntary termination proceeding. The last part of the series will discuss transitioning plan administration to the PBGC.

PBGC's Involuntary Termination Program

As the insurer of single-employer (and...

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