This part specifies the maximum daily amount of penalties for which a person may be liable to the PBGC under ERISA section 4302 for certain failures to provide multiemployer plan notices, as such amount has been adjusted to account for inflation pursuant to the Federal Civil Monetary Penalty Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996.
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CFR Regulation
PENALTIES FOR FAILURE TO PROVIDE CERTAIN MULTIEMPLOYER PLAN NOTICES
§ 4302.1Purpose and scope.
§ 4302.2Definitions.
The following terms are defined in § 4001.2 of this chapter: ERISA, multiemployer plan, and PBGC.
§ 4302.3Penalty amount.
The maximum daily amount of the penalty under section 4302 of ERISA shall be $365.
3 sections
Cite this law
PENALTIES FOR FAILURE TO PROVIDE CERTAIN MULTIEMPLOYER PLAN NOTICES (U.S.C.). Retrieved via LawPlayer, https://lawplayer.com/us/act/cfr-title-29-part-4302
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