PBGC Proposes To Regulate Funding of Ongoing Plans Sponsored by Companies That Restructure Their Operations

On August 10, 2010, the Pension Benefit Guaranty Corporation (“PBGC”) proposed a regulation under which PBGC, pursuant to section 4062(e) of ERISA, would require a significant subset of employers that sponsor defined benefit pension plans to, in practice, fund their plans above the level required by the Pension Protection Act of 2006 (“PPA”). 75 Fed. Reg. 48283 (August 10, 2010).

Groom Law Group will hold a complimentary dial-in on the proposed regulation for our clients and friends of the Firm on September 9, 2010 at 12:00 PM EST.