Pension Plan Terminations

Summary: Prerequisites for Standard Termination. Standard Termination Procedures. Distress and Involuntary Termination of Sufficient Plans. The Close-Out Requirement for Terminated Plans. Distribution of Plan Assets. Benefit Liabilities: Development of the Law. Benefits Under the Plan Versus Benefit Liabilities. Accrued and Nonforfeitable Benefits. Benefits Protected by the Retirement Equity Act. Provision of Other Benefits a...t Termination. Reversion of Residual Assets to the Plan Sponsor. Distribution of Residual Assets to Participants. Distributions to Participants: Tax Aspects. Partial Terminations. Fiduciary Responsibility. Marshalling of Plan Assets Following Termination. Appendices. Tables. Index. [read more]