§ 4262.13. Restrictions on special financial assistance.
105 words·~1 min read·
/us/cfr/t29/s§ 4262.13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)In general. A plan that receives special financial assistance must be administered in accordance with the restrictions in this section and in § 4262.14.
(b)Restrictions and use of SFA. Special financial assistance received, and any earnings thereon---
(1)May be used by the plan only to make benefit payments and pay administrative expenses;
(2)Must be segregated from other plan assets as described in § 4262.14(a);
(3)May be used before other plan assets are used to make benefit payments and pay administrative expenses; and
(4)Must be invested in investment grade bonds or other investments as permitted by PBGC in § 4262.14.