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Current as of January 02, 2025 | Updated by Findlaw Staff
(a) In general. A plan that receives special financial assistance must be administered in accordance with the restrictions in this section and in § 4262.14.
(b) Restrictions. Special financial assistance received, and any earnings thereon—
(1) May be used by the plan only to make benefit payments and pay administrative expenses;
(2) Must be segregated from other plan assets;
(3) May be used before other plan assets are used to make benefit payments and pay administrative expenses; and
(4) Must be invested in investment-grade bonds or other investments as permitted by PBGC in § 4262.14.
Cite this article: FindLaw.com - Code of Federal Regulations Title 29. Labor § 29.4262.13 Restrictions on special financial assistance - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-29-labor/cfr-sect-29-4262-13/
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