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Slim Chance for PBGC Coverage of Shutdown Benefits Under Final Rule (PDF)
Buck Link to more items from this source
[Guidance Overview]
May 12, 2014
"The fact that a plan administrator's determination is not controlling does not mean that plan administrators can ignore creating and maintaining records about the additional benefits provided when [unexpected contingent events (UCEs)] occur. Administrators of plans undergoing a distress termination are required by ERISA to limit payment of benefits to estimated guaranteed benefits and estimated nonguaranteed benefits funded though the section 4044 allocation beginning on the proposed termination date. This determination will need to consider the date the UCE occurs under the final regulation."

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