Questions_and_Responses_(Part_Three)_-_PBGC01-RP-15-0013.pdf
PDF 178 KB Posted
- Attached to
- Index Fund Investment Management Services
- Solicitation number
- PBGC01-RP-15-0013
- Issued by
-
Pension Benefit Guaranty Corporation
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Other files
| File | Type | Posted |
|---|---|---|
| Questions_and_Responses_(Part_Two)_-_PBGC01-RP-15-0013.pdf | ||
| Questions_and_Responses_(Part_One)_-_PBGC01-RP-15-0013.pdf | ||
| PBGC01-RP-15-0013.pdf | ||
| Section_L.doc | DOC document | |
| Section_B.doc | DOC document |
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Questions and Responses (Part Three) Solicitation No. PBGC01-RP-15-0013
Index Fund Investment Management Services
1. Question: Given the tax-exempt status, can PBGC invest in bank collective funds?
Response: Yes. Under section 4042(a) of ERISA, PBGC maintains certain commingled trust funds to hold and invest such assets upon becoming statutory trustee. These commingled trust funds are limited to (i) assets attributable to terminated tax-qualified defined benefit plans for which PBGC has become statutory trustee, and (ii) assets transferred to PBGC under section 4050 of ERISA which, under section 4050(a)(2), are treated as assets attributable to terminated tax-qualified defined benefit plans for which PBGC has become statutory trustee. Pursuant to IRS Revenue Ruling 2011-1, PBGC may participate in group trusts consistent with Revenue Ruling 81-100.
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