29 C.F.R. § 4262.13

Current through September 30, 2024
Section 4262.13 - Restrictions on special financial assistance
(a)In general. A plan that receives special financial assistance must be administered in accordance with the restrictions in this section and in § 4262.14 .
(b)Restrictions and use of SFA. Special financial assistance received, and any earnings thereon-
(1) May be used by the plan only to make benefit payments and pay administrative expenses;
(2) Must be segregated from other plan assets as described in § 4262.14(a) ;
(3) May be used before other plan assets are used to make benefit payments and pay administrative expenses; and
(4) Must be invested in investment grade bonds or other investments as permitted by PBGC in § 4262.14 .

29 C.F.R. §4262.13

86 FR 36620, 7/12/2021; 87 FR 41006, 8/8/2022