Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter E - Plan Terminations |
Part 4044 - Allocation of Assets in Single-Employer Plans |
Subpart A - Allocation of Assets |
Allocation of Assets to Benefit Categories |
§ 4044.14 - Priority category 4 benefits.
Latest version.
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§ 4044.14 Priority category 4 benefits.
The benefits assigned to priority category 4 with respect to each participant are the participant's guaranteed benefits, except as provided in the next sentence. The benefit assigned to priority category 4 with respect to a participant is not limited by the aggregate benefits limitations set forth in § 4022B.1 of this chapter for individuals who are participants in more than one plan or by the phase-in guarantee limitation applicable to substantial majority owners set forth in § 4022.26.
[61 FR 34059, July 1, 1996, as amended at 76 FR 34606, June 14, 2011; 83 FR 49806, Oct. 3, 2018]