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Part 4302 - Penalties for Failure to Provide Certain Multiemployer Plan Notices


Sec.
4302.1 Purpose and scope.
4302.2 Definitions.
4302.3 Penalty amount.

B>Authority: 28 U.S.C. 2461 note, as amended by sec. 31001(s)(1), Pub.L. 104-134, 110 Stat. 1321-373; 29 U.S.C. 1302(b)(3); 29 U.S.C. 1452

§ 4302.1 Purpose and scope.


This part specifies the maximum daily amount of penalties for which a person may be liable to the PBGC under ERISA section 4302 for certain failures to provide multiemployer plan notices, as such amount has been adjusted to account for inflation pursuant to the Federal Civil Monetary Penalty Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996.

§ 4302.2 Definitions.

The following terms are defined in § 4001.2 of this chapter: ERISA, multiemployer plan, and PBGC.

§ 4302.3 Penalty amount.

The maximum daily amount of the penalty under section 4071 of ERISA shall be $110.