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Pension Resource

29 C.F.R. § 4281.47

Application for financial assistance.
eCFR editorial change effective 2019-08-19 · current · last amended by 84 FR 18727, May 2, 2019
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Amended effective Aug 19, 2019 by 84 FR 18727, May 2, 2019. See what changed
(a) General. If the plan sponsor of a plan determines that the plan's resource benefit level for an insolvency year is below the level of benefits guaranteed by PBGC or that the plan will be unable to pay guaranteed benefits when due for any month during the year, the plan sponsor must apply to PBGC for financial assistance pursuant to section 4261 of ERISA. The application must be filed within the time specified under paragraph (b) of this section and must contain the information under paragraph (c) of this section.
(b) When, how, and where to apply
(1) Initial application. Except as provided in the next sentence, a plan sponsor must apply for financial assistance no later than 90 days before the first day of the month for which the plan sponsor has determined the resource benefit level will be below the level of guaranteed benefits. If a plan sponsor cannot practicably apply for financial assistance by the date in the preceding sentence, the application must be made as soon as practicable after the plan sponsor has made the determination in the preceding sentence.
(2) Recurring application. A plan sponsor must apply for financial assistance as soon as practicable after the plan sponsor determines that the plan will be unable to pay guaranteed benefits when due for a month.
(3) How and where to apply. Application to PBGC for financial assistance must be made in accordance with the rules in subpart A of part 4000 of this chapter. See § 4000.4 of this chapter for information on where to apply.
(c) Contents of application
(1) Initial application. A plan sponsor applying for financial assistance because the plan's resource benefit level is below the level of guaranteed benefits must file an application that includes the information specified in the instructions for an application for initial financial assistance on PBGC's website (www.pbgc.gov).
(2) Recurring application. A plan sponsor applying for financial assistance because the plan is unable to pay guaranteed benefits for any month must file an application that includes the information specified in the instructions for an application for recurring financial assistance on PBGC's website (www.pbgc.gov).
(3) Additional information. PBGC may request any additional information that it needs to calculate or verify the amount of financial assistance necessary as part of the conditions of granting financial assistance pursuant to section 4261 of ERISA.
Source credit, amendments & notes

[61 FR 34118, July 1, 1996, as amended at 84 FR 18727, May 2, 2019]

29 C.F.R. § 4281.47 — Application for financial assistance. · eCFR editorial change effective 2019-08-19 · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr29-4281.47 · printed Oct 16, 2026
On this page
  • (a) General.
  • (b) When, how, and where to apply
  • (c) Contents of application
Implements
ERISA § 4281 (29 U.S.C. § 1441) Benefits under certain terminated plans
Cited by (code & regs)
Guidance addressing this section
PBGC
Final Rules
  • 80 FR 55742 Sep 17, 2015 — Multiemployer Plans; Electronic Filing Requirements
Proposed Rules
  • 80 FR 18172Proposed Apr 3, 2015 — Multiemployer Plans; Electronic Filing Requirements Comments due Jun 2, 2015
Also cited in 4 other documents
PBGC
Final Rules
  • 84 FR 18715 May 2, 2019 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors
  • 79 FR 30459 May 28, 2014 — Multiemployer Plans; Valuation and Notice Requirements
Proposed Rules
  • 83 FR 32815Proposed Jul 16, 2018 — Terminated and Insolvent Multiemployer Plans and Duties of Plan Sponsors Comments due Sep 14, 2018
  • 79 FR 4642Proposed Jan 29, 2014 — Multiemployer Plans; Valuation and Notice Requirements Comments due Mar 31, 2014

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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, 2014CFR 2013 annual edition (revised as of 2013-07-01) run 127View
Jul 1, 2014Jun 30, 2016CFR 2015 annual edition (revised as of 2015-07-01) run 12779 FR 30463, May 28, 2014View · Redline (sign in)
Jul 1, 2016May 1, 2019eCFR amendment effective 2017-01-01 run 2680 FR 55745, Sept. 17, 2015View · Redline (sign in)
May 2, 2019Jun 30, 2019eCFR amendment effective 2019-05-02 run 2680 FR 55745, Sept. 17, 2015View · Redline (sign in)
Jul 1, 2019Aug 18, 2019eCFR amendment effective 2019-07-01 run 2684 FR 18727, May 2, 2019View · Redline (sign in)
Aug 19, 2019currenteCFR editorial change effective 2019-08-19 run 284 FR 18727, May 2, 2019View · Redline (sign in)
Provision-level history (blame)