Sentences with phrase «terminated multiemployer»

PBGC's guarantee of the benefits in a terminated multiemployer plan — payable as financial assistance to the plan — starts if and when the plan is unable to make payments at the level guaranteed under ERISA.

Unlike terminated single - employer plans, the plan sponsor of a terminated multiemployer plan continues to administer the plan and pay vested benefits out of existing plan assets.

Not exact matches

PBGC's multiemployer plan guarantee applies only to benefits earned before the plan terminated.