INVOLUNTARY TERMINATION
01.Core Concepts
• Initiated by PBGC • The PBGC may terminate a pension plan, even if a company has not filed to terminate a plan on its own initiative, if: • the plan has not met the minimum funding requirements; • the plan cannot pay current benefits when due; • a lump-sum payment has been made to a participant who is a substantial owner of the sponsoring company; or • the loss to PBGC is expected to increase unreasonably if the plan is not terminated.