[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: 29CFR4041A.27]

[Page 761]
 
                             TITLE 29--LABOR
 
                          GUARANTY CORPORATION
 
PART 4041A--TERMINATION OF MULTIEMPLOYER PLANS--Table of Contents
 
                     Subpart C--Plan Sponsor Duties
 
Sec. 4041A.27  PBGC approval to pay benefits not otherwise permitted.

    Upon written application by the plan sponsor, the PBGC may authorize 
the plan to pay benefits other than nonforfeitable benefits or to pay 
benefits valued at more than $1,750 in a form other than an annuity. The 
PBGC will approve such payments if it determines that the plan sponsor 
has demonstrated that the payments are not adverse to the interests of 
the plan's participants and beneficiaries generally and do not 
unreasonably increase the PBGC's risk of loss with respect to the plan.