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Pension Resource

29 C.F.R. § 4044.75

Other lump sum benefits.
CFR 2011 annual edition (revised as of 2011-07-01) · superseded Jul 1, 2012
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Historical text in effect Jul 1, 2011 through Jun 30, 2012. View current · Compare with current
Link to an amendment published at 76 FR 34606, June 14, 2011.
The value of a lump sum benefit which is not covered under § 4044.73 or § 4044.74 is equal to—
(a) The value under the qualifying bid, if an insurer provides the benefit; or
(b) The present value of the benefit as of the date of distribution, determined using reasonable actuarial assumptions, if the benefit is to be distributed other than by the purchase of the benefit from an insurer. The PBGC reserves the right to review the actuarial assumptions as to reasonableness and re-value the benefit if the actuarial assumptions are unreasonable.
(See Note at beginning of part 4044.)

Effective Date Note:

At 76 FR 34606, June 14, 2011, § 4044.75 was amended by removing “qualifying bid” and adding in its place “irrevocable commitment” in paragraph (a) and by removing “(See Note at beginning of part 4044.)” at the end of the section, effective July 14, 2011.

29 C.F.R. § 4044.75 — Other lump sum benefits. · CFR 2011 annual edition (revised as of 2011-07-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4044.75&asof=2011-07-01 · printed Oct 18, 2026
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  • (a) (a) The value under the qualifying bid, if an insurer provi…
  • (b) (b) The present value of the benefit as of the date of dist…
Implements
ERISA § 4044 (29 U.S.C. § 1344) Allocation of assets
Guidance addressing this section

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Also cited in 1 other documents
PBGC
Final Rules
  • 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

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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, 2011CFR 2010 annual edition (revised as of 2010-07-01) run 127View
Jul 1, 2011Jun 30, 2012CFR 2011 annual edition (revised as of 2011-07-01) run 127View · Redline (sign in)
Jul 1, 2012currenteCFR editorial change effective 2017-01-01 run 276 FR 34606, June 14, 2011View · Redline (sign in)
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