GroundRules
29 CFR 4262.13: Restrictions on special financial assistance.
Where this section sits in the code
- Title 29—Labor
- Subtitle B—Regulations Relating to Labor
- CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION
- SUBCHAPTER J—INSOLVENCY, TERMINATION, AND OTHER RULES APPLICABLE TO MULTIEMPLOYER PLANS
- PART 4262—SPECIAL FINANCIAL ASSISTANCE BY PBGC
(a) In general. A plan that receives special financial assistance must be administered in accordance with the restrictions in this section and in § 4262.14.
(b) Restrictions and use of SFA. Special financial assistance received, and any earnings thereon—
(1) May be used by the plan only to make benefit payments and pay administrative expenses;
(2) Must be segregated from other plan assets as described in § 4262.14(a);
(3) May be used before other plan assets are used to make benefit payments and pay administrative expenses; and
(4) Must be invested in investment grade bonds or other investments as permitted by PBGC in § 4262.14.
Collected 2026-08-27T02:25:20Z. Source file · JSON