[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: 29CFR4022.3]

[Page 713]
 
                             TITLE 29--LABOR
 
                          GUARANTY CORPORATION
 
PART 4022--BENEFITS PAYABLE IN TERMINATED SINGLE-EMPLOYER PLANS--Table of Contents
 
           Subpart A--General Provisions; Guaranteed Benefits
 
Sec. 4022.3  Guaranteed benefits.

    Except as otherwise provided in this part, the PBGC will guarantee 
the amount, as of the termination date, of a benefit provided under a 
plan to the extent that the benefit does not exceed the limitations in 
ERISA and in subpart B, if--
    (a) The benefit is, on the termination date, a nonforfeitable 
benefit;
    (b) The benefit qualifies as a pension benefit as defined in 
Sec. 4022.2; and
    (c) The participant is entitled to the benefit under Sec. 4022.4.

[61 FR 34028, July 1, 1996; 61 FR 67943, Dec. 26, 1996]