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Electronic Code of Federal Regulations

e-CFR data is current as of November 18, 2019

Title 29Subtitle BChapter XLSubchapter D → Part 4022b


Title 29: Labor


PART 4022B—AGGREGATE LIMITS ON GUARANTEED BENEFITS


Contents
§4022B.1   Aggregate payments limitation.

Authority: 29 U.S.C. 1302(b)(3), 1322B.

§4022B.1   Aggregate payments limitation.

(a) Benefits with respect to two or more plans. If a person (or persons) is entitled to benefits payable with respect to one participant in two or more plans, the aggregate benefits payable by PBGC from its funds is limited by §4022.22 of this chapter (without regard to §4022.22(a)). The PBGC will determine the limitation as of the date of the last plan termination.

(b) Benefits with respect to two or more participants. The PBGC will not aggregate the benefits payable with respect to one participant with the benefits payable with respect to any other participant (e.g., if an individual is entitled to benefits both as a participant and as the spouse of a deceased participant).

[67 FR 16959, Apr. 8, 2002]

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