[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: 29CFR4041.50]

[Page 757]
 
                             TITLE 29--LABOR
 
                          GUARANTY CORPORATION
 
PART 4041--TERMINATION OF SINGLE-EMPLOYER PLANS--Table of Contents
 
                 Subpart C--Distress Termination Process
 
Sec. 4041.50  Closeout of plan.

    If a plan administrator receives a distribution notice from the PBGC 
pursuant to Sec. 4041.47 and neither the plan administrator nor the PBGC 
makes the finding described in Sec. 4041.49(b) or (d), the plan 
administrator must distribute plan assets in accordance with 
Sec. 4041.28 and file a post-distribution certification in accordance 
with Sec. 4041.29, except that--
    (a) The term ``plan benefits'' is replaced with ``title IV 
benefits'';
    (b) For purposes of applying the distribution deadline in 
Sec. 4041.28(a)(1)(i), the phrase ``after the expiration of the PBGC's 
60-day (or extended) review period under Sec. 4041.26(a)'' is replaced 
with ``the day on which the plan administrator completes the issuance of 
the notices of benefit distribution pursuant to Sec. 4041.48(a)''; and
    (c) For purposes of applying the distribution deadline in 
Sec. 4041.28(a)(1)(ii), the phrase ``the requirements of 
Sec. 4041.25(c)'' is replaced with ``the requirements of 
Sec. 4041.48(d)''.