Brief Case
Pension Resource

ERISA § 4022B (29 U.S.C. § 1322b)

Aggregate limit on benefits guaranteed; criteria applicable
USC 2024 ed., current through 2025-01-06 · current · last amended by Pub. L. 96-364
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(a) Notwithstanding sections 1322 and 1322a of this title, no person shall receive from the corporation pursuant to a guarantee by the corporation of basic benefits with respect to a participant under all multiemployer and single employer plans an amount, or amounts, with an actuarial value which exceeds the actuarial value of a monthly benefit in the form of a life annuity commencing at age 65 equal to the amount determined under section 1322(b)(3)(B) of this title as of the date of the last plan termination.
(b) For purposes of this section—
(1) the receipt of benefits under a multiemployer plan receiving financial assistance from the corporation shall be considered the receipt of amounts from the corporation pursuant to a guarantee by the corporation of basic benefits except to the extent provided in regulations prescribed by the corporation, and
(2) the date on which a multiemployer plan, whether or not terminated, begins receiving financial assistance from the corporation shall be considered a date of plan termination.
Source credit, amendments & notes

(Pub. L. 93–406, title IV, §4022B, as added Pub. L. 96–364, title I, §102, Sept. 26, 1980, 94 Stat. 1215.)

Statutory Notes and Related Subsidiaries
Effective Date

Section effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.

ERISA § 4022B (29 U.S.C. § 1322b) — Aggregate limit on benefits guaranteed; criteria applicable · USC 2024 ed., current through 2025-01-06 · https://pensionresource.website/EAMain?content=EAMain.Law&id=usc29-1322b · printed Oct 16, 2026
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  • (a) (a) Notwithstanding sections 1322 and 1322a of this title, …
  • (b) (b) For purposes of this section—
Cited by (code & regs)
PBGC Regulations
Guidance addressing this section

No documents are primarily about this section.

Also cited in 5 other documents
PBGC
Final Rules
  • 85 FR 10279 Feb 24, 2020 — Administrative Review of Agency Decisions
  • 83 FR 49799 Oct 3, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation
  • 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
Proposed Rules
  • 84 FR 53084Proposed Oct 4, 2019 — Administrative Review of Agency Decisions Comments due Dec 3, 2019
  • 83 FR 9716Proposed Mar 7, 2018 — Owner-Participant Changes to Guaranteed Benefits and Asset Allocation Comments due May 7, 2018

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EffectiveThroughSourceAmended by
Jan 4, 1995currentUSC 2024 ed., current through 2025-01-06 run 1Pub. L. 96-364View
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