Responding To PBGC Termination Of Benefit Plan: Part 2

Law360 (June 27, 2019, 2:37 PM EDT) -- This is the second 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. With limited coverage exceptions, the PBGC will step in to protect participants' and beneficiaries' accrued benefits in the defined benefit plan of a financially troubled plan, up to PBGC-guaranteed benefit limits.[1]

The first part of the series of three articles discussed the circumstances that could lead the PBGC to select a plan for involuntary termination. This second part of the series will...

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