Benefit guarantee
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Present Value of the Maximum PBGC Guaranteed Benefit under IRC Section 436(d)(3)(A)(ii) and ERISA Section 206(g)(3)(C)(i)(II)
Guidance on determining the present value of the maximum benefit guaranteed by PBGC.
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Increased Guarantee Limit for Multiemployer Plans
Purpose The Consolidated Appropriations Act, 2001 amended Title IV of ERISA to increase PBGC's maximum guarantee limit for participants in multiemployer plans. The PBGC's Five-Year Report to Congress had recommended the increase. This Technical Update discusses how the PBGC's maximum guarantee limit works under the multiemployer insurance program and explains...