Page:United States Statutes at Large Volume 100 Part 1.djvu/316

 100 STAT. 280 29 USC 1002.

PUBLIC LAW 99-272—APR. 7, 1986

tions or otherwise interpret section 3(21) of the Employee Retirement Income Security Act of 1974. (d) TIME LIMIT FOR FINAL REGULATIONS.—The Secretary of Labor

shall adopt final regulations defining "plan assets' by December 31, 1986. (e) EFFECTIVE DATE.—The preceding provisions of this section shall take effect on the date of the enactment of this Act. SEC. 11019. EFFECTIVE DATE OF TITLE; TEMPORARY PROCEDURES.

29 USC 1341 J^ot^-

Ante, p. 244. Ante, p. 253.

(a) IN GENERAL.—Except a s otherwise provided i n this title, the amendments made by this title shall be effective as of January 1, 1986, except that such amendments shall not apply with respect to terminations for which— (1) notices of intent to terminate were filed with the Pension Benefit Guaranty Corporation under section 4041 of the Employee Retirement Income Security Act of 1974 before such date, or (2) proceedings were commenced under section 4042 of such Act before such date. (b) TRANSITIONAL RULES.—

(1) IN GENERAL.—In the case of a single-employer plan termination for which a notice of intent to terminate was filed with the Pension Benefit Guaranty Corporation under section 4041 of the Employee Retirement Income Security Act of 1974 (as in effect before the amendments made by this title) on or after January 1, 1986, but before the date of the enactment of this Act, the amendments made by this title shall apply with respect to such termination, as modified by paragraphs (2) and (3). (2) DEEMED COMPLIANCE WITH NOTICE REQUIREMENTS.—The

requirements of subsections (a)(2), (b)(1)(A), and (c)(1)(A) of section 4041 of the Employee Retirement Income Security Act of 1974 (as amended by this title) shall be considered to have been met with respect to a termination described in paragraph (1) if— (A) the plan administrator provided notice to the participants in the plan regarding the termination in compliance with applicable regulations of the Pension Benefit Guaranty Corporation as in effect on the date of the notice, and (B) the notice of intent to terminate provided to the Pension Benefit Guaranty Corporation in connection with the termination was filed with the Corporation not less than 10 days before the proposed date of termination specified in the notice. For purposes of section 4041 of such Act (as amended by this title), the proposed date of termination specified in the notice of intent to terminate referred to in subparagraph (B) shall be considered the proposed termination date. (3) SPECIAL TERMINATION PROCEDURES.—

(A) IN GENERAL.—This paragraph shall apply with respect to any termination described in paragraph (1) if, within 90 days after the date of enactment of this Act, the plan administrator notifies the Corporation in writing— (i) that the plan administrator wishes the termination to proceed as a standard termination under section 4041(b) of the Employee Retirement Income Security Act of 1974 (as amended by this title) in accordance with subparagraph (B),

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