Defined benefit plan terminations the following items must be submitted for defined benefit plan terminations form 6088 distributable benefits from employee pension benefit plans a signed and dated actuarys certification of the adjusted funding target percentage aftap for the last 2 years which includes the year of termination and. Find out the rules and requirements for standard termination of a fully funded pension plan including notices filings distribution of benefits and audits distress terminations find out the requirements for distress termination of an underfunded pension plan including the process to be followed and notices and other necessary filings. Insights into asset distribution upon plan termination retirement plans faqs regarding plan terminations defined benefit plans covered by title iv of erisa must meet additional requirements under rules administered by the pension benefit guaranty corporation including forms and notices to participants relating to plan funding and the . Standard termination a pension plan can file a standard termination if it can pay all of the benefits owed in a standard termination pbgc reviews the termination to make sure that the plan administrator follows all required steps to ensure proper notification to workers and retirees and proper arrangements for payment. A standard termination is a termination of a plan that has enough money to pay all benefits owed participants and beneficiaries a pension plan may be terminated only by following certain specific rules for each participant or beneficiary the plan administrator either purchases an annuity from an insurance company or if the plan permits pays the benefit owed in another
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