There are traps for the unwary in the Pension Benefit Guaranty Corporation's increasingly active role in corporate transactions .... Practitioners should also be aware that in a downsizing situation, the agency may find the downsizing has triggered liability and pursue a demand against the employer equal to a portion -- or all -- of the pension plan's underfunding, determined on a plan termination basis ... even though the plan remains ongoing.' [Click on the link under 'Items of Interest' on the target page.]  MORE >>