[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: 29CFR4003.59]

[Page 742-743]
 
                             TITLE 29--LABOR
 
            CHAPTER XL--PENSION BENEFIT GUARANTY CORPORATION
 
PART 4003_RULES FOR ADMINISTRATIVE REVIEW OF AGENCY DECISIONS
--Table of Contents
 
                    Subpart D_Administrative Appeals
 
Sec. 4003.59  Decision by the Appeals Board.

    (a) In reaching its decision, the Appeals Board shall consider those 
portions of the file relating to the initial determination, all material 
submitted by the appellant and any third parties in connection with the 
appeal, and any additional information submitted by PBGC staff.
    (b) The decision of the Appeals Board constitutes the final agency 
action by the PBGC with respect to the determination which was the 
subject of the

[[Page 743]]

appeal and is binding on all parties who participated in the appeal and 
who were notified pursuant to Sec. 4003.57 of their right to 
participate in the appeal.
    (c) The decision of the Appeals Board shall be in writing, specify 
the relief granted, if any, state the bases for the decision, including 
a brief statement of the facts or legal conclusions supporting the 
decision, and state that the appellant has exhausted his or her 
administrative remedies.