{"data":{"id":"us/29-cfr-4041a.2","jurisdiction":"us","citation":"29 CFR 4041A.2","heading":"A.2 Definitions.","body":"The following terms are defined in § 4001.2 of this chapter: annuity, ERISA, insurer, IRS, mass withdrawal, multiemployer plan, nonforfeitable benefit, PBGC, plan, and plan year. In addition, for purposes of this part:\nActuarial valuation means a report submitted to a plan of a valuation of plan assets and liabilities that is performed in accordance with subpart B of part 4281 of this chapter.\nAvailable resources means available resources as described in section 4245(b)(3) of ERISA.\nBenefits subject to reduction means those benefits accrued under plan amendments (or plans) adopted after March 26, 1980, or under collective bargaining agreements entered into after March 26, 1980, that are not eligible for PBGC's guarantee under section 4022A(b) of ERISA.\nFinancial assistance means financial assistance from PBGC under section 4261 of ERISA.\nInsolvency benefit level means the greater of the resource benefit level or the benefit level guaranteed by PBGC for each participant and beneficiary in pay status.\nInsolvency year means insolvency year as described in section 4245(b)(4) of ERISA.\nInsolvent means unable to pay benefits when due during the plan year.\nNonguaranteed benefits means those benefits that are eligible for PBGC's guarantee under section 4022A(b) of ERISA, but exceed the guarantee limits under section 4022A(c).\nResource benefit level means resource benefit level as described in section 4245(b)(2) of ERISA.","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER XL—PENSION BENEFIT GUARANTY CORPORATION","SUBCHAPTER E—PLAN TERMINATIONS","PART 4041A—TERMINATION OF MULTIEMPLOYER PLANS","Subpart A—General Provisions"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"e73cc622bfc1f65b83f9e7ac0198f534898c2dec9a6c778d2c252ab96291cdc2","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-4041a.1","next":"us/29-cfr-4041a.3"},"notice":"GroundRules: Original legal text. Not legal advice."}