{"abstract":"The Pension Benefit Guaranty Corporation is amending its regulations to increase the maximum value of benefits that the PBGC may pay in lump sum form, and certain other lump sum thresholds, from $3,500 to $5,000. The amendments do not affect lump sum benefits paid by ongoing plans.","action":"Final rule.","agencies":[{"raw_name":"PENSION BENEFIT GUARANTY CORPORATION","name":"Pension Benefit Guaranty Corporation","id":405,"url":"https://www.federalregister.gov/agencies/pension-benefit-guaranty-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/405","parent_id":null,"slug":"pension-benefit-guaranty-corporation"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/1998/07/16/98-18995.html","cfr_references":[{"chapter":null,"citation_url":null,"part":"4011","title":29},{"chapter":null,"citation_url":null,"part":"4022","title":29},{"chapter":null,"citation_url":null,"part":"4041","title":29}],"citation":"63 FR 38305","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"The amendments to 29 CFR 4022.7, 4044.52(b), and 4044.54 are effective July 16, 1998. (However, except to the extent they affect determinations under Sec. 4022.7, the amendments to 29 CFR 4044.52(b) and 4044.54 apply only to a plan with a termination date on or after August 17, 1998.) The final rule is otherwise effective August 17, 1998.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"98-18995","effective_on":"1998-07-16","end_page":38307,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":null,"html_url":"https://www.federalregister.gov/documents/1998/07/16/98-18995/valuation-and-payment-of-lump-sum-benefits","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/98-18995?publication_date=1998-07-16","mods_url":"https://www.govinfo.gov/metadata/granule/FR-1998-07-16/98-18995/mods.xml","not_received_for_publication":null,"page_length":3,"page_views":{"count":36,"last_updated":"2026-10-23 14:15:06 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-1998-07-16/pdf/98-18995.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"1998-07-16","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/1998/07/16/98-18995.txt","regulation_id_number_info":{"1212-AA88":{"issue":"199804","html_url":"https://www.federalregister.gov/regulations/1212-AA88/valuation-and-payment-of-lump-sum-benefits","title":"Valuation and Payment of Lump Sum Benefits","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=199804&RIN=1212-AA88&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1212-AA88"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-09-21T07:10:36Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":38305,"subtype":null,"title":"Valuation and Payment of Lump Sum Benefits","toc_doc":null,"toc_subject":null,"topics":[],"type":"Rule","volume":63}