Pension Benefit Guaranty Corporation March 3, 2008 – Federal Register Recent Federal Regulation Documents
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Approval of Variance From the Bond/Escrow Requirement Relating to the Sale of Assets by an Employer Who Contributes to a Multiemployer Plan: P&O Ports Florida, Inc.
The Pension Benefit Guaranty Corporation has granted a request from the P&O Ports Florida, Inc., (``P&O Ports'') for a variance from the bond/escrow requirement of section 4204(a)(1)(B) of the Employee Retirement Income Security Act of 1974, as amended, with respect to the Tampa Maritime Association-International Longshoremen's Association Pension Plan. A notice of the request for a variance from the requirement was published on August 3, 2007 (72 FR 43297). The effect of this notice is to advise the public of the decision on the request.
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