Month: February 2011

Pension Guarantee Benefit Corporations and Cobra Benefits

Pension Guarantee Benefit Corporations and Cobra Benefits

  • The American Recovery and Reinvestment Act extends COBRA periods for PBGC recipients if the COBRA-qualifying event is a involuntary termination or a reduction in hours
  • The COBRA benefit period will be for the employee’s life. Plus, surviving dependents will have an additional 24 months.
  • The Cobra period ends once you are Medicare eligible

Questions can be directed to the Federal Department of Labor and/or www.pbgc.gov

 

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