75. Plan merger - maintenance of benefit

Statement of Requirement: Code §§ 401(a)(12), 414(l); Reg. § 1.414(l)-1

Sample Plan Language:

In the event of a merger or consolidation with, or transfer of assets or liabilities to, any other plan, each participant will receive a benefit immediately after such event (if the

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plan then terminated) which is at least equal to the benefit the participant was entitled to immediately before such event (if the plan had terminated).