Brief Case
Pension Resource

29 C.F.R. § 4022.25

Five-year phase-in of benefit guarantee.
CFR 2010 annual edition (revised as of 2010-07-01) · superseded Jul 1, 2011 · last amended by 67 FR 16956, Apr. 8, 2002
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(a) Scope. This section applies to the guarantee of benefit increases which have been in effect for less than five years with respect to participants other than substantial owners.
(b) Phase-in formula. The amount of a benefit increase computed pursuant to § 4022.24 shall be guaranteed to the extent provided in the following formula: the number of years the benefit increase has been in effect, not to exceed five, multiplied by the greater of (1) 20 percent of the amount computed pursuant to § 4022.24; or (2) $20 per month.
(c) Computation of years. In computing the number of years a benefit increase has been in effect, each complete 12-month period ending on or before the termination date during which such benefit increase was in effect constitutes one year.
(d) Multiple benefit increases. In applying the formula contained in paragraph (b) of this section, multiple benefit increases within any 12-month period ending on or before the termination date and calculated from that date are aggregated and treated as one benefit increase.
(e) Notwithstanding the provisions of paragraph (b) of this section, a benefit increase described in paragraph (a) of this section shall be guaranteed only if PBGC determines that the plan was terminated for a reasonable business purpose and not for the purpose of obtaining the payment of benefits by PBGC.
Source credit, amendments & notes

[61 FR 34028, July 1, 1996, as amended at 67 FR 16956, Apr. 8, 2002]

29 C.F.R. § 4022.25 — Five-year phase-in of benefit guarantee. · CFR 2010 annual edition (revised as of 2010-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4022.25&asof=2002-07-01 · printed Oct 16, 2026
On this page
  • (a) Scope.
  • (b) Phase-in formula.
  • (c) Computation of years.
  • (d) Multiple benefit increases.
  • (e) (e) Notwithstanding the provisions of paragraph (b) of this…
Implements
ERISA § 4022 (29 U.S.C. § 1322) Single-employer plan benefits guaranteed
Cited by (code & regs)
Guidance addressing this section

No documents are primarily about this section.

Also cited in 4 other documents
PBGC
Final Rules
  • 83 FR 49799 Oct 3, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation (f)
  • 76 FR 34590 Jun 14, 2011 — Bankruptcy Filing Date Treated as Plan Termination Date for Certain Purposes; Guaranteed Benefits; Allocation of Plan Assets; Pension Protection Act of 2006 (f)
Proposed Rules
  • 83 FR 9716Proposed Mar 7, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation Comments due May 7, 2018 (f)
  • 76 FR 67105Proposed Oct 31, 2011 — Cash Balance Plans; Benefit Determinations and Plan Valuations for Statutory Hybrid Plans; Pension Protection Act of 2006 Comments due Dec 30, 2011

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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, 2002CFR 2001 annual edition (revised as of 2001-07-01) run 127View
Jul 1, 2002Jun 30, 2011CFR 2010 annual edition (revised as of 2010-07-01) run 12767 FR 16956, Apr. 8, 2002View · Redline (sign in)
Jul 1, 2011Jun 30, 2012CFR 2011 annual edition (revised as of 2011-07-01) run 12767 FR 16956, Apr. 8, 2002View · Redline (sign in)
Jul 1, 2012Oct 2, 2018eCFR amendment effective 2017-01-01 run 776 FR 34603, June 14, 2011View · Redline (sign in)
Oct 3, 2018Nov 1, 2018eCFR amendment effective 2018-10-03 run 776 FR 34603, June 14, 2011View · Redline (sign in)
Nov 2, 2018currenteCFR amendment effective 2018-11-02 run 283 FR 49804, Oct. 3, 2018View · Redline (sign in)
Provision-level history (blame)