2016 US Code
Title 29 - Labor
Chapter 18 - Employee Retirement Income Security Program
Subchapter III - Plan Termination Insurance
Subtitle D - Liability
Sec. 1361 - Amounts payable by corporation
| 29 U.S.C. § 1361 (2016) |
| §1361. Amounts payable by corporation |
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The corporation shall pay benefits under a single-employer plan terminated under this subchapter subject to the limitations and requirements of subtitle B of this subchapter. The corporation shall provide financial assistance to pay benefits under a multiemployer plan which is insolvent under section 1426 or 1441(d)(2)(A) of this title, subject to the limitations and requirements of subtitles B, C, and E of this subchapter. Amounts guaranteed by the corporation under sections 1322 and 1322a of this title shall be paid by the corporation only out of the appropriate fund. The corporation shall make payments under the supplemental program to reimburse multiemployer plans for uncollectible withdrawal liability only out of the fund established under section 1305(e) of this title. |
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(Pub. L. 93–406, title IV, §4061, Sept. 2, 1974, 88 Stat. 1029; Pub. L. 96–364, title IV, §403(f), Sept. 26, 1980, 94 Stat. 1301.) |
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AMENDMENTS
1980—Pub. L. 96–364 substituted provisions relating to payment of benefits under a single-employer plan terminated under this subchapter subject to limitations and requirements of subtitle B of this subchapter for provisions relating to payment of benefits under a plan terminated under this subchapter subject to limitations and requirements of subtitle B of this subchapter. EFFECTIVE DATE OF 1980 AMENDMENTAmendment by Pub. L. 96–364 effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title. |
| United States Code, 2012 Edition, Supplement 4, Title 29 - LABOR |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 29 - LABOR CHAPTER 18 - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM SUBCHAPTER III - PLAN TERMINATION INSURANCE Subtitle D - Liability Sec. 1361 - Amounts payable by corporation |
| section 1361 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 88 Stat. 1029 94 Stat. 1301 |
| Public Law 93-406, Public Law 96-364 |
