[Code of Federal Regulations]
[Title 29, Volume 9]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR4003.22]

[Page 740]
 
                             TITLE 29--LABOR
 
            CHAPTER XL--PENSION BENEFIT GUARANTY CORPORATION
 
PART 4003_RULES FOR ADMINISTRATIVE REVIEW OF AGENCY DECISIONS
--Table of Contents
 
                    Subpart B_Initial Determinations
 
Sec. 4003.22  Effective date of determinations.

    (a) General rule. Except as provided in paragraph (b) of this 
section, an initial determination covered by this subpart will not 
become effective until the prescribed period of time for filing a 
request for reconsideration under subpart C of this part or an appeal 
under subpart D of this part, whichever is applicable, has elapsed. The 
filing of a request for review under subpart C or D of this part shall 
automatically stay the effectiveness of a determination until a decision 
on the request for review has been issued by the PBGC.
    (b) Exception. The PBGC may, in its discretion, order that the 
initial determination in a case is effective on the date it is issued. 
When the PBGC makes such an order, the initial determination shall state 
that the determination is effective on the date of issuance and that 
there is no obligation to exhaust administrative remedies with respect 
to that determination by seeking review of it by the PBGC.