FT MarketWatch

Distress termination

A situation that arises when a Benefit plan lacks the funds needed to continue to pay out the benefits earned by employees. Distress termination allows a company to escape Benefit responsibilities in Order to avoid or delay the complete shutdown of the company.

Related Terms: 13 Benefit, Cap, Dow, Distress termination, Fund, ITS, Low, Lows, OID, Order, Own, Term, Void
Other Related Pages: Category: Retirement Starting With: D
Additional Related Terms: 10-K, 52-week low, 12b-1 funds, 401(k) plan, 403(b) plan, 457 plan, Automatic Funds Transfer, Accrual of discount, Amortization of premium, At par