Skip to main content
U.S. flag

An official website of the United States government

Benefit guarantee

Opinion Letter 77-166

Pension Benefit Guaranty Corporation 77-166 October 7, 1977 RE FERENCE: [*1] 4022(b)(1) & (8) Benefits Guaranteed. Five Year Phase-in of Guarantee OP INION: This i s in regard to one of the three PBGC determinations which you intend to address in the reconsideration of t heabo ve matter. We have reviewed the quest ion of the dates upon which amendments to the Plan were adopted or became effective for purp oses of Section 4022(b)(8) of ER ISA.

Opinion Letter 78-20

Pension Benefit Guaranty Corporation 78-20 Septembe r 14, 1978 RE FERENCE: [*1] 4022 Benefi ts Guaranteed402 2(c) Benefits Guaranteed. Non-Basic Benefits OP INION: This i s in response to your request for revie w of the handling of the * * * ( pension plans, with particular referenceto the deci sion of the Pension Benefit Guaranty Corporation (the "PBGC") not to cover "non-basic" benefi ts of the * * * (* * *) retirees.

Opinion Letter 74-28

Pension Benefit Guaranty Corporation 74-28 December 6, 1974 RE FERENCE: [*1] 4022(a) Benefits Guaranteed. Type of Benefits Guaranteed OP INION: This is in r esponse to your recent let ter inquiring as to whether the Plan Termination Insurance program coversretirees whose pension benefits are presently in pay status. The Plan Termination Insura nce program does cover such retirees in the event that a covered pension plantermin ates. We enclosed a Fact Sheet which may be of interest to you. W e hope this is of assistance to you. Steven E . Schanes Acting Executive Director

Opinion Letter 76-69

Pension Benefit Guaranty Corporation 76-69 May 19, 1976 STATUTE/ REGULATION SECTION:402 2(a) Benefits Guaranteed. OPIN ION: This is in res ponse to your letter dated April 26, 1976, wherein you inquired whether the benefit of a participantwould b e guaranteed if the participant had satisfied all of the conditions under the plan necessary to establishenti tlement to the benefit at a specified age, but as of the date of plan termination had not yet reached the age atwhich t he benefit is payable. Under the Guaranteed Benefits Regulation, 29 CFR Part 2605, 40 Fed. Reg. 13509 etseq.

Opinion Letter 76-37

Pension Benefit Guaranty Corporation 76-37 March 15, 1976 RE FERENCE: [*1] 4022(a) Benefits Guaranteed. Type of Benefits Guaranteed402 2(b)(1) & (8) Benefits Guaranteed. Five Year Phase-in of Guarantee. OP INION: This is in f urther response to your letter to * * * in which you ask why the Pensi on Benefit Guaranty Corporation(PB GC) is unable to protect your pension income completely. The plan involved is the * * * (the Plan).

Opinion Letter 83-06

Pension Benefit Guaranty Corporation 83-6 Februa ry 10, 1983 RE FERENCE: [*1] 4022 Benefits Guaranteed OP INION: Thank you for your recent t elephone call regarding the Pension Benefit Guaranty Corporation's (the "PBGC")treatment of certain provis ions of the * * * Pension Plan under Title IV of the Em ployee Retirement Income SecurityAct o f 1974 (as amended 1980). You expressed concern about th e PBGC's application of the provisions of the * * * Plan that provide for creditedservi ce for a per iod after an ac tive employee is laid off.

Opinion Letter 79-07

Pension Benefit Guaranty Corporation 79-7 April 17, 1979 RE FERENCE: 4022(b)(8). Benefi ts Guaranteed. Five Year Phase-in of Guarantee.29 C FR 2621 Limitation on Guaranteed Benefits OP INION: This is in response to your request for the opinion of the Pension Benefit Guarant y Corporation (the "PBGC")regarding the int erpretation of the PBGC regulation on Limitation on Guaranteed Benefits, 29 C.F.R. Part 2609, as theyapp ly to early retirement benefits.

Opinion Letter 81-35

Pension Benefit Guaranty Corporation 81-35 October 26, 1981 RE FERENCE: [*1] 4022(a) Benefits Guaranteed. Type of Benefits Guaranteed OP INION: This is in response to your request for a determination whether the ear ly retirement factors in the * * * Pension Plans (the "P lans") should be used in calculati ng guaranteed benefits rather than the fac tors used in annuity policies issued byMetropolitan Life Insurance Company.

Opinion Letter 77-162

Pension Benefit Guaranty Corporation 77-162 Augus t 30, 1977 RE FERENCE: [*1] 4022 Benefi ts Guaranteed29 C FR 2605. Guaranteed Benefits OP INION: This r esponds to your various inquiries to the Pension Benefit Guaranty Corporation (the "PBGC") whether certain pensi on plan b enefits may be paid in a lump sum upon the termination of the above-name d plan (the "Plan"). Weconcl ude that t he benef its in question are guaranteed under Title IV of the Em ployee * * * Retirement Income SecurityAct (the "A ct") and would be included in the allocati on of assets required under § 4044 of the Act.

Opinion Letter 83-09

Pension Benefit Guaranty Corporation 83-9 April 6, 1983 RE FERENCE: [*1] 4022 Benefi ts Guaranteed29 C FR 2613 Guaranteed Benefits OP INION: Th is is in response to your recent letter concerning former hourly employees of A Corporation * * * whom yourepr esent. These former A emp loyees seek to retire under the provi sion of the A Corporation Hourly Employees PensionPlan (the "Plan") which permits i mmediate retirement wi th an unreduced pension benefit if an employee's age and years of serv ice equal 80 or more (an "80-point pension").

Subscribe to Benefit guarantee