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Text of Request for Waiver of Bond/Escrow Requirement for Purchaser of Los Angeles Dodgers Ballclub (PDF)
Pension Benefit Guaranty Corporation [PBGC]Link to more items from this source
[Official Guidance]
July 7, 2005
Excerpt: [ERISA] Section 4204(a)(1) provides that the sale of assets by an employer that contributes to a multiemployer pension plan will not constitute a complete or partial withdrawal from the plan if certain conditions are met. One of these conditions is that the purchaser post a bond or deposit money in escrow for the five-plan-year period beginning after the sale. The PBGC is authorized to grant individual and class exemptions from this requirement.

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