[Federal Register Volume 75, Number 249 (Wednesday, December 29, 2010)]
[Notices]
[Page 82095]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-32827]
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PENSION BENEFIT GUARANTY CORPORATION
Purchase of Irrevocable Commitments Before Standard Termination
AGENCY: Pension Benefit Guaranty Corporation.
ACTION: Notice.
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SUMMARY: PBGC is not taking further regulatory action or providing
specific guidance on purchase of irrevocable commitments before
standard termination at this time.
FOR FURTHER INFORMATION CONTACT: Catherine B. Klion, Manager, or Grace
Kraemer, Attorney, Regulatory and Policy Division, Legislative and
Regulatory Department, 1200 K Street, NW., Washington, DC 20005-4026,
202-326-4024. (TTY and TDD users may call the Federal relay service
toll-free at 1-800-877-8339 and ask to be connected to 202-326-4024).
SUPPLEMENTARY INFORMATION: On November 23, 2009 (at 74 FR 61074), the
Pension Benefit Guaranty Corporation (PBGC) published a request for
public comment on purchase of irrevocable commitments before standard
termination and in response received 10 comments. PBGC thanks the
commenters for their thoughtful and informative responses. PBGC has
decided not to take further regulatory action or provide specific
guidance at this time. PBGC will continue monitoring industry practices
to determine whether further regulatory action or specific guidance is
needed in the future. PBGC will also continue to audit all plans that
make a final distribution of plan assets before or without filing a
standard termination notice and take enforcement action where
appropriate.
Issued in Washington, DC this 22nd day of December, 2010.
Joshua Gotbaum,
Director, Pension Benefit Guaranty Corporation.
[FR Doc. 2010-32827 Filed 12-28-10; 8:45 am]
BILLING CODE 7709-01-P