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.
29 C.F.R. § 4022.3 — Guaranteed benefits. · CFR 2010 annual edition (revised as of 2010-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4022.3&asof=1995-01-04 · printed Oct 16, 2026