Page:United States Statutes at Large Volume 100 Part 1.djvu/312

 100 STAT. 276 29 USC 1306

PUBLIC LAW 99-272—APR. 7, 1986

SEC. 11017. STUDIES. (a) SINGLE-EMPLOYER PENSION PLAN TERMINATION INSURANCE PREMIUM STUDY.—

29 USC 1301.

(1) IN GENERAL.—As soon as practicable after the date of the enactment of this Act, the Pension Benefit Guaranty Corporation shall conduct a study of the premiums established under the single-employer pension plan termination insurance program under title IV of the Employee Retirement Income Security Act of 1974. (2) MATTERS TO BE STUDIED.—The Corporation shall specifically consider in its study the following matters: (A) the effect of the amendments made by this title on the long-term stability of the single-employer pension plan termination insurance program under title IV of the Employee Retirement Income Security Act of 1974, (B) alternatives to the current statutory mechanism with respect to proposals for changes in the premium levels under such program, (C) the methods currently used by the Corporation in projecting future program costs of the single-employer pension plan termination insurance program, (D) alternative methods of projecting such future program costs and an evaluation of each such alternative method, (E) the methods currently used by the Corporation in determining premiums needed to allocate and adequately fund such future program costs, (F) alternative methods of making such premium determinations and an evaluation of each such alternative method, and (G) alternative premium bases upon which some or all of such projected future program costs would be allocated on an exposure-related or risk-related computation, which may take into account the different exposures or risks imposed on the Corporation by plan sponsors with different histories and under different circumstances. (3) SUBMISSION OF CORPORATION'S REPORT.—Not later than one year after the date of the enactment of this Act, the Corporation shall report the results of its study, together with any recommendations for statutory changes, to an advisory council, to be appointed by the chairmen of the Committee on Education and Labor and the Committee on Ways and Means of the House of Representatives and the Committee on Labor and Human Resources and the Committee on Finance of the Senate. The advisory council shall be composed of representatives of singleemployer plan sponsors, employee organizations representing single-employer plan participants, and members of the general public who are experts in the matters to be considered in the study. The members of the advisory council shall serve without compensation. (4) SUBMISSION OF COUNCIL'S REPORT TO CONGRESS.—Not later than 180 days after the date of the submission of the Corporation's report to the advisory council under paragraph (3), the advisory council shall submit the results of the Corporation's study and the Corporation's recommendations, together with the recommendations of the council, to the Speaker of the

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