[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR4022.1]

[Page 712]
 
                             TITLE 29--LABOR
 
                          GUARANTY CORPORATION
 
PART 4022--BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS--Table of Contents
 
           Subpart A--General Provisions; Guaranteed Benefits
 
Sec. 4022.1  Purpose and scope.


    The purpose of this part is to prescribe rules governing the 
calculation and payment of benefits payable in terminated single-
employer plans under section 4022 of ERISA. Subpart A, which applies to 
each plan providing benefits guaranteed under title IV of ERISA, 
contains definitions applicable to all subparts, and describes benefits 
that are guaranteed by the PBGC subject to the limitations set forth in 
subpart B. Subpart C is reserved for rules relating to the calculation 
and payment of unfunded nonguaranteed benefits under section 4022(c) of 
ERISA. Subpart D prescribes procedures that minimize the overpayment of 
benefits by plan administrators after initiating distress terminations 
of single-employer plans that are not expected to be sufficient for 
guaranteed benefits. Subpart E sets forth the method of recoupment of 
benefit payments in excess of the amounts permitted under sections 4022, 
4022B, and 4044 of ERISA from participants and beneficiaries in PBGC-
trusteed plans, and provides for reimbursement of benefit underpayments. 
(The provisions of this part have not been amended to take account of 
changes made in section 4022 of ERISA by sections 766 and 777 of the 
Retirement Protection Act of 1994.)

[61 FR 34028, July 1, 1996, as amended at 62 FR 67728, Dec. 30, 1997]