PBGC Implements Rules Changing Method for Determining Benefits When Hybrid Plan Terminates | Practical Law
The Pension Benefits Guaranty Corporation (PBGC) implements provisions of the Pension Protection Act of 2006 (PPA) changing how benefits are determined when a hybrid plan, such as a cash balance plan, terminates under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code.