4281.46—Contents of notices of insolvency benefit level.
(a) Notice to the PBGC.
A notice of insolvency benefit level required by § 4281.45(a) to be filed with the PBGC shall contain the information specified in § 4281.44(a)(1) through (a)(5) and (a)(7) through (a)(11) and:
(2)
The amount of financial assistance, if any, requested from the PBGC. (When financial assistance is requested, the plan sponsor shall submit an application in accordance with § 4281.47.)
(3)
A statement indicating whether the notice of insolvency benefit level is the result of an insolvency determination under § 4041A.25(a) or (b).
(4)
A certification, signed by the plan sponsor or its duly authorized representative, that a notice of insolvency benefit level has been sent to all plan participants and beneficiaries in pay status or reasonably expected to enter pay status during the insolvency year, in accordance with this part.
(b) Notice to participants in or entering pay status.
A notice of insolvency benefit level required by § 4281.45(a) to be delivered to plan participants and beneficiaries in pay status or reasonably expected to enter pay status during the insolvency year for which the notice is given, shall contain the following information:
(3)
The monthly benefit that the participant or beneficiary may expect to receive during the insolvency year.
(4)
A statement that in subsequent plan years, depending on the plan's available resources, this benefit level may be increased or decreased but not below the level guaranteed by the PBGC, and that the participant or beneficiary will be notified in advance of the new benefit level if it is less than the participant's full nonforfeitable benefit under the plan.
(6)
The amount of the participant's or beneficiary's monthly benefit that is guaranteed by the PBGC.
(7)
The name, address, and telephone number of the plan administrator or other person designated by the plan sponsor to answer inquiries concerning benefits.