Multiemployer plans that are eligible for special financial assistance under section 4262 of ERISA or multiemployer insurance program financial assistance under section 4261 of ERISA will complete this form to provide PBGC with the information necessary for electronic transfer of funds.
US Code:
29 USC 1361
Name of Law: Amounts payable by corporation
PL:
Pub.L. 117 - 2 9704
Name of Law: Special Financial Assistance Program for Financially Troubled Multiemployer Plans
Under section 9704 of PL 117-2, enacted on March 11, 2021, which added section 4262 of ERISA, PBGC is required to administer the special financial assistance program. In addition, under section 4261 of ERISA, PBGC is required to administer the multiemployer financial assistance program. Under both of these programs, PBGC will use form SF 3881 to obtain information necessary to effectuate an electronic of funds to multiemployer plans.