Brief Case
Pension Resource

29 C.F.R. § 4022.26

Benefit guarantee for participants who are majority owners.
eCFR amendment effective 2018-11-02 · current · last amended by 83 FR 49804, Oct. 3, 2018
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Amended effective Nov 2, 2018 by 83 FR 49804, Oct. 3, 2018. See what changed
(a) Scope. This section applies to the guarantee of all benefits described in subpart A of this part (subject to the limitations in § 4022.21) with respect to participants who are majority owners at the termination date or who were majority owners at any time within the five-year period preceding that date.
(b) Formula. Benefits provided by a plan are guaranteed to the extent provided in the following formula: The amount of the participant's benefit that PBGC would otherwise guarantee under section 4022 of ERISA and this part if the participant were not a majority owner, multiplied by a fraction not to exceed one, the numerator of which is the number of full years from the later of the effective date or the adoption date of the plan to the termination date, and the denominator of which is 10.
(c) PPA 2006 bankruptcy termination. In a PPA 2006 bankruptcy termination, “bankruptcy filing date” is substituted for “termination date” in paragraph (b) of this section.
Source credit, amendments & notes

[83 FR 49804, Oct. 3, 2018]

29 C.F.R. § 4022.26 — Benefit guarantee for participants who are majority owners. · eCFR amendment effective 2018-11-02 · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4022.26 · printed Oct 16, 2026
On this page
  • (a) Scope.
  • (b) Formula.
  • (c) PPA 2006 bankruptcy termination.
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 2 other documents
PBGC
Final Rules
  • 83 FR 49799 Oct 3, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation
Proposed Rules
  • 83 FR 9716Proposed Mar 7, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation Comments due May 7, 2018

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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, 1998CFR 1997 annual edition (revised as of 1997-07-01) run 127View
Jul 1, 1998Oct 2, 2018eCFR amendment effective 2017-01-01 run 762 FR 67729, Dec. 30, 1997View · Redline (sign in)
Oct 3, 2018Nov 1, 2018eCFR amendment effective 2018-10-03 run 762 FR 67729, Dec. 30, 1997View · 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)