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 17 locations throughout the United States and in Mexico, including Los Angeles, Orange County, Palo Alto 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.
