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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 29 - Labor |
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Subtitle B - Regulations Relating to Labor |
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Chapter XL - Pension Benefit Guaranty Corporation |
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SubChapter J - Insolvency, Reorganization, Termination, and Other Rules Applicable to Multiemployer Plans |
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Part 4231 - Mergers and Transfers Between Multiemployer Plans |
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Subpart B - Additional Rules for Facilitated Mergers |
§ 4231.14 - Description of financial assistance merger.
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§ 4231.14 Description of financial assistance merger.
A request for a financial assistance merger must include the following information about the proposed financial assistance merger:
(a) A detailed description of the proposed financial assistance merger, including any larger integrated transaction of which the merger is a part (including, but not limited to, an application for suspension of benefits under section 305(e)(9)(G) of ERISA).
(b) A narrative description of the events that led to the plan sponsors' decision to submit a request for a financial assistance merger.
(c) A narrative description of significant risks and assumptions relating to the proposed financial assistance merger and the projections provided in support of the request.
(d) A detailed description of the estimated total amount of financial assistance the plan sponsors request for each year, including the supporting data, calculations, assumptions, and a description of the methodology used to determine the estimated amounts.