Page:United States Statutes at Large Volume 100 Part 1.djvu/309

 PUBLIC LAW 99-272—APR. 7, 1986

100 STAT. 273

benefits which a r e benefit c o m m i t m e n t s, a s defined i n section 4001(a)(16)), and "(E) the a c t u a r i a l a s s u m p t i o n s and techniques used in determining the values described in subparagraph s (A) through (D).".

29 USC 1301.

(2) CONFORMING AMENDMENT. — S e c t i o n 104(a)(2)(A) (29 U.S.C.

1024(a)(2)(A)) is amended by striking o u t the second sentence. (3) T R A N S I T I O N

RULES.—Any

regulations,

modifications,

or

waivers which h a v e been issued by the Secretary of Labor with respect to section 103(d)(6) of the Employee Retirement Income Security Act of 1974 (as in effect immediately before the date of the e n a c t m e n t of t h i s Act) shall r e m a i n in full force and effect u n t i l modified by any regulations with respect to such section 103(d)(6) prescribed by the Pension Benefit G u a r a n t y Corporation. (c) ADDITIONAL AMENDMENTS. — (1) DEFINITION FOR TITLE

L—Section

3(37)(A)

(29

29 USC 1023

"°*^29 USC 1023.

U.S.C.

1002(37)(A)) is amended by inserting " p e n s i o n " before " p l a n ". (2) N O T I C E O F REQUEST FOR WAIVERS O F MINIMUM F U N D I N G STANDARDS AND RIGHT TO SUBMIT RELEVANT INFORMATION.—Sec-

tion 303 (29 U.S.C. 1083) is amended by inserting after subsection (d) the following new subsection: "(e)(1) The Secretary of the Treasury shall, before g r a n t i n g a waiver under this section, r e q u i r e each applicant to provide evidence satisfactory to such Secretary that the applicant has provided notice of the filing of the application for such waiver to each employee organization r e p r e s e n t i n g employees covered by the affected plan. "(2) The Secretary of the Treasury shall consider any r e l e v a n t information provided by a person to w h o m notice w a s given under paragraph (1).". (3) N O T I C E O F REQUEST FOR EXTENSIONS O F AMORTIZATION PERIOD A N D RIGHT TO SUBMIT RELEVANT INFORMATION.—Section

304 (29 U.S.C. 1084) is amended by adding a t the end thereof the following n e w subsection: "(c)(1) The Secretary of the Treasury shall, before g r a n t i n g a n extension under t h i s section, r e q u i r e each applicant to provide evidence satisfactory to such Secretary that the applicant has provided notice of the filing of the application for such extension to each employee organization r e p r e s e n t i n g employees covered by the affected plan. "(2) The Secretary of the Treasury shall consider any r e l e v a n t information provided by a person to whom notice w a s given under paragraph (1).". (4) AMENDMENT TO THE INTERNAL REVENUE CODE O F 1954.—

Subsection (f) of section 412 of the I n t e r n a l Revenue Code of 1954 (relating to benefits may not be increased during waiver or 26 USC 412. extension period), a s amended by the preceding provisions of this title, is f u r the r amended by adding a t the e n d thereof the following new paragraph: "(4) ADDITIONAL REQUIREMENTS.—

"(A) ADVANCE NOTICE.—The Secretary shall, before g r a n t ing a waiver under subsection (d) or a n extension under subsection (e), r e q u i r e each applicant to provide evidence satisfactory to the Secretary that the applicant has provided notice of the filing of the application for such waiver

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