2015 US Code
Title 29 - Labor (Sections 1 - 3361)
Chapter 18 - Employee Retirement Income Security Program (Sections 1001 - 1461)
Subchapter III - Plan Termination Insurance (Sections 1301 - 1461)
Subtitle E - Special Provisions for Multiemployer Plans (Sections 1381 - 1453)
Part 1 - Employer Withdrawals (Sections 1381 - 1405)
Sec. 1397 - Application of part in case of certain pre-1980 withdrawals; adjustment of covered plan
Publication Title | United States Code, 2012 Edition, Supplement 3, Title 29 - LABOR |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 29 - LABOR CHAPTER 18 - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM SUBCHAPTER III - PLAN TERMINATION INSURANCE Subtitle E - Special Provisions for Multiemployer Plans part 1 - employer withdrawals Sec. 1397 - Application of part in case of certain pre-1980 withdrawals; adjustment of covered plan |
Contains | section 1397 |
Date | 2015 |
Laws In Effect As Of Date | January 3, 2016 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 93-406, title IV, §4217, as added Pub. L. 96-364, title I, §104(2), Sept. 26, 1980, 94 Stat. 1235; amended Pub. L. 98-369, div. A, title V, §558(b)(1)(A), (B), July 18, 1984, 98 Stat. 899. |
Statutes at Large References | 94 Stat. 1235 98 Stat. 899 |
Public and Private Laws | Public Law 93-406, Public Law 96-364, Public Law 98-369 |
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(a) For the purpose of determining the amount of unfunded vested benefits allocable to an employer for a partial or complete withdrawal from a plan which occurs after September 25, 1980, and for the purpose of determining whether there has been a partial withdrawal after such date, the amount of contributions, and the number of contribution base units, of such employer properly allocable—
(1) to work performed under a collective bargaining agreement for which there was a permanent cessation of the obligation to contribute before September 26, 1980, or
(2) to work performed at a facility at which all covered operations permanently ceased before September 26, 1980, or for which there was a permanent cessation of the obligation to contribute before that date,
shall not be taken into account.
(b) A plan may, in a manner not inconsistent with regulations, which shall be prescribed by the corporation, adjust the amount of unfunded vested benefits allocable to other employers under a plan maintained by an employer described in subsection (a) of this section.
(Pub. L. 93–406, title IV, §4217, as added Pub. L. 96–364, title I, §104(2), Sept. 26, 1980, 94 Stat. 1235; amended Pub. L. 98–369, div. A, title V, §558(b)(1)(A), (B), July 18, 1984, 98 Stat. 899.)
AMENDMENTS1984—Subsec. (a). Pub. L. 98–369, §558(b)(1)(A), (B), substituted "September 25, 1980" for "April 28, 1980" in provisions preceding par. (1) and "September 26, 1980" for "April 29, 1980" in pars. (1) and (2).
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