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 I - Withdrawal Liability for Multiemployer Plans |
Part 4211 - Allocating Unfunded Vested Benefits to Withdrawing Employers |
Subpart B - Changes Not Subject to PBGC Approval |
§ 4211.11 - Plan sponsor adoption of modifications and simplified methods.
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§ 4211.11 Changes not subject to PBGC approval.
Plan sponsor adoption of modifications and simplified methods.
(a) General rule. A plan sponsor, other than the sponsor of a plan that primarily covers employees in the building and construction industry, may adopt , by amendment, without the approval of PBGC, any of the statutory allocation methods and any of the modifications and simplified methods set forth in §§ 4211.12 and through 4211.13, without the approval of the PBGC16.
(b) Building and construction industry plans. A The plan sponsor of a plan that primarily covers employees in the building and construction industry may adopt , by amendment, without the approval of PBGC, any of the modifications to the presumptive rule and simplified methods set forth in § 4211.12 without the approval of the PBGC. and §§ 4211.14 through 4211.16.
[86 FR 1271, Jan. 8, 2021]