US - The Pension Benefit Guaranty Corporation (PBGC) is seeking comment on a proposed ERISA rule that uses an alternative method for calculating the amount of bond or escrow provided by employers if, as a result of termination of operations at a facility, more than 20% of employees who are plan participants are separated from employment.
The proposed rule, under section 4062(e) of the Employee Retirement Income Security Act (ERISA) of 1974, calculates the amount of bond or escrow based on the percentage reduction in employees cover...
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