Benefit in pay status

Benefit in pay status means that one or more benefit payments have been made or would have been made except for administrative delay.

Source

29 CFR § 4022.2


Scoping language

The following terms are defined in 4001.2 of this chapter: annuity, bankruptcy filing date, Code, employer, ERISA, guaranteed benefit, majority owner, mandatory employee contributions, nonforfeitable benefit, non-PPA 2006 bankruptcy termination, normal retirement age, notice of intent to terminate, PBGC, person, plan, plan administrator, plan year, PPA 2006 bankruptcy termination, proposed termination date, statutory hybrid plan, and title IV benefit.

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