under the multiemployer insurance program, PBgC generally provides financial assistance to an insolvent plan in the form of a loan or loans, although it occasionally provides lump-sum settlements in lieu of future financial assistance. loans are usually made quarterly but sometimes monthly in an amount which, when combined with the plan’s other income, covers both the plan’s reasonable administrative expenses and its statutorily guaranteed benefits payments. if it recovers financially, the plan is obligated to repay this financial assistance in accordance with the terms and conditions specified by PBgC. insolvent multiemployer plans seldom recover, and repayment of.
