Publication
Employee Benefits Update (October 21, 2010)
The Pension Benefit Guaranty Corporation (PBGC) recently proposed a regulation pursuant to Section 4062(e) of the Employee Retirement Income Security Act of 1974 (ERISA) that could require sponsors of single-employer defined benefit pension plans to increase the plan’s funding if the employer ceases operations at a facility and more than 20 percent of participants are terminated as a result. This proposed rule would result in a significant expansion of the reach of Section 4062(e) of ERISA.
About Snell & Wilmer
Founded in 1938, Snell & Wilmer is a full-service business law firm with more than 500 attorneys practicing in 16 locations throughout the United States and in Mexico, including Los Angeles, Orange County and San Diego, California; Phoenix and Tucson, Arizona; Denver, Colorado; Washington, D.C.; Boise, Idaho; Las Vegas and Reno, Nevada; Albuquerque, New Mexico; Portland, Oregon; Dallas, Texas; Salt Lake City, Utah; Seattle, Washington; and Los Cabos, Mexico. The firm represents clients ranging from large, publicly traded corporations to small businesses, individuals and entrepreneurs. For more information, visit swlaw.com.
