Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter J - Insolvency, Reorganization, Termination, and Other Rules Applicable to Multiemployer Plans |
Part 4231 - Mergers and Transfers Between Multiemployer Plans |
Subpart B - Additional Rules for Facilitated Mergers |
§ 4231.18 - Jurisdiction over financial assistance merger.
Latest version.
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§ 4231.18 Jurisdiction over financial assistance merger.
(a) General. PBGC will retain jurisdiction over the merged plan resulting from a financial assistance merger to carry out the purposes, terms, and conditions of the financial assistance merger, the financial assistance agreement, sections 4231 and 4261 of ERISA, and the regulations thereunder.
(b) Financial assistance agreement. PBGC may, upon providing notice to the plan sponsor, make changes to the financial assistance agreement in response to changed circumstances consistent with sections 4231 and 4261 of ERISA and the regulations thereunder.