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Pension Resource

29 C.F.R. § 4062.7

Calculating interest on liability and refunds of overpayments.
CFR 2005 annual edition (revised as of 2005-07-01) · superseded Jul 1, 2006
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(a) Interest. Whether or not the PBGC has granted deferred payment terms pursuant to § 4062.8, the amount of liability under this part includes interest, from the termination date, on any unpaid portion of the liability. Such interest accrues at the rate set forth in paragraph (c) of this section until the liability is paid in full and is compounded daily. When liability under this part is paid in more than one payment, the PBGC will apply each payment to the satisfaction of accrued interest and then to the reduction of principal.
(b) Refunds. If a contributing sponsor or member(s) of a contributing sponsor's controlled group pays the PBGC an amount that exceeds the full amount of liability under this part, the PBGC shall refund the excess amount, with interest at the rate set forth in paragraph (c) of this section. Interest on an overpayment accrues from the later of the date of the overpayment or 10 days prior to the termination date until the date of the refund and is compounded daily.
(c) Interest rate. The interest rate on liability under this part and refunds thereof is the annual rate prescribed in section 6601(a) of the Code, and will change whenever the interest rate under section 6601(a) of the Code changes.
29 C.F.R. § 4062.7 — Calculating interest on liability and refunds of overpayments. · CFR 2005 annual edition (revised as of 2005-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4062.7&asof=1997-07-01 · printed Oct 16, 2026
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Implements
ERISA § 4062 (29 U.S.C. § 1362) Liability for termination of single-employer plans under a distress termination or a termination by corporation
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PBGC
Proposed Rules
  • 75 FR 48283Proposed Aug 10, 2010 — Liability for Termination of Single-Employer Plans; Treatment of Substantial Cessation of Operations Comments due Oct 12, 2010

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Jul 1, 1997Jun 30, 2006CFR 2005 annual edition (revised as of 2005-07-01) run 127View
Jul 1, 2006Jun 30, 2007CFR 2006 annual edition (revised as of 2006-07-01) run 127View · Redline (sign in)
Jul 1, 2007currenteCFR amendment effective 2017-01-01 run 271 FR 34822, June 16, 2006View · Redline (sign in)
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