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Check Your Loan Documents: New PBGC Reportable Event Rules May Impact Corporate Transactions
Osler, Hoskin & Harcourt LLP
[Guidance Overview] Jan. 20, 2010 Excerpt: The PBGC proposed towards the end of 2009 to eliminate most waivers and extensions for reportable event filings under Section 4043 of the Employee Retirement Income Security Act of 1974 (ERISA). Under the new proposal ..., waivers would be eliminated even for sponsors of well-funded plans that would not increase the PBGC's risk and for transactions involving foreign entities. MORE >> |
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