Page:United States Statutes at Large Volume 101 Part 2.djvu/1127

 PUBLIC LAW 100-203—DEC. 22, 1987 ^ ,,

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101 STAT. 1330-333

"(ii) alternative methods based on factors other than current liability for the determination of the amount taken into account under subparagraph (A)(i), and "(iii) for the treatment under this section of contributions which would be required to be made under the plan but for the provisions of subparagraph (A)(i)(I)."

(c) EFFECTIVE DATE.— 26 USC 412 note. (1) IN GENERAL.—The amendments made by this section shall apply to years beginning after December 31, 1987. (2) REGULATIONS.—The Secretary of the Treasury or his delegate shall prescribe such regulations as are necessary to carry out the amendments made by this section no later than August 15, 1988. (3) STUDY.—The Secretary of the Treasury or his delegate shall study the effect of the amendments made by this section on benefit security under defined benefit pension plans and shall report the results of such study to the Committee on Ways and Means of the House of Representatives and to the Committee on Finance of the Senate no later than August 15, 1988.

PART II—PENSION FUNDING AND TERMINATION Pension Protection Act. REQUIREMENTS SEC. 9302. SHORT TITLE; DEFINITIONS.

(a) SHORT TITLE.—This part may be cited as the "Pension Protec- 26 USC l note. tion Act". (b) DEFINITIONS.—For purposes of this part— (1) 1986 CODE.—The term "1986 Code" means the Internal Revenue Code of 1986. (2) ERISA.—The term "ERISA" means the Employee Retirement Income Security Act of 1974.

Subpart A—Modifications of Minimum Funding Standard SEC. 9303. ADDITIONAL FUNDING REQUIREMENTS. (a) AMENDMENTS TO 1986 CODE.—

(1) IN GENERAL.—Section 412 of the 1986 Code (relating to 26 USC 412. minimum funding standard) is amended by adding at the end thereof the following new subsection: "(1) ADDITIONAL FUNDING REQUIREMENTS FOR PLANS WHICH ARE NOT MULTIEMPLOYER PLANS.—

"(1) IN GENERAL.—In the case of a defined benefit plan (other than a multiemployer plan) which has an unfunded current liability for any plan year, the amount charged to the funding standard account for such plan year shall be increased by the sum of— "(A) the excess (if any) of^ "(i) the deficit reduction contribution determined under paragraph (2) for such plan year, over "(ii) the sum of the charges for such plan year under subparagraphs (B) (other than clauses (iv) and (v) thereof), (C), and (D) of subsection (b)(2), reduced by the -ii sum of the credits for such plan year under subparagraph (B)(i) of subsection (b)(3), plus

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