With a standard termination, the plan must provide participants with a written “notice of intent to terminate” at least 60 days before the termination date. The plan may make a lump-sum payment to participants or buy an annuity for them from an insurance company to provide future benefits. ...
Pension Benefit Guaranty Corp., 724 F.2d at 1269 ("[T]he intent of Congress to provide for the retrospective imposition of liability was quite clear from the very beginning of the legislative process. . . . [E]mployers who withdrew during [the retrospective] period cannot argue that they ...
Campbell, Annotation, Construction and Application of Employee Re- tirement Income SecurityAct of 1974 that the plan is underfunded and should be ter- minated to protect the participants receives notice of the plan administrator's intent to terminate the pension plan, the PBGCCollins, Johnathan E...