Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207)

An employer that contributes to a multiemployer pension plan may apply to the plan for abatement of previously incurred complete withdrawal liability; the plan must then notify the employer whether its liability is abated. A plan must apply for PBGC approval if it adopts special rules on abatement of complete withdrawal liability. Plans use information from employers to determine whether abatement requirements are met. PBGC uses information from plans to determine whether special abatement rules meet the standards for approval.

The latest form for Reduction or Waiver of Complete Withdrawal Liability (29 CFR Part 4207) expires 2023-06-30 and can be found here.