This page has not been translated. Please go to PBGC.gov's Spanish home page for more information available in Spanish.
Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.
COVID-19-Related Single-Employer Plan Sponsors and Administrators Questions and Answers
Answers questions related to plan sponsor obligations and PBGC operations in light of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the COVID-19 pandemic.
Opinion Letter 90-03
Once irrevocable commitments are purchased, PBGC no longer guarantees the benefits.
Opinion Letter 77-151
Not appropriate to charge against plan assets legal fees arising from plan termination.
Opinion Letter 93-01
The obligation to pay premiums ceases when plan assets are distributed under priority categories 1- 6 without regard to whether there are residual assets.
Opinion Letter 75-31
A proposed plan distribution must be in compliance with § 4044 regardless of whether the IRS has issued a determination letter regarding a plan termination. IRS cannot issue an exception to section 4044.
Opinion Letter 86-27
PBGC disapproves proposed plans that an employer wishes to adopt because they would effect an impermissible continuation of terminated plans for which guaranteed benefits are being paid.
Opinion Letter 81-10
A plan that in practice met the criteria for tax qualification for five years prior to its termination date was covered under Title IV at plan termination.
Opinion Letter 87-06
All affected parties may submit comments to PBGC on a proposed distress termination.
Opinion Letter 80-22
Discusses the rules governing plan termination and notes that the employers may owe withdrawal liability.