Page:United States Statutes at Large Volume 101 Part 2.djvu/1137

 PUBLIC LAW 100-203—DEC. 22, 1987 ,-

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101 STAT. 1330-343

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(ii) the funded current liability percentage as of the beginning of the plan year for which such determination is being made. (C) SPECIAL RULES FOR CONTINGENT EVENTS.—In the case of any unpredictable contingent event benefit with respect to which the event on which such benefits are contingent occurs after December 17, 1987— (i) AMORTIZATION AMOUNT.—For purposes of subpara-

graph (A)(ii), the amount determined under this clause for any plan year is the amount which would be determined if the unpredictable contingent event benefit liability were amortized in equal annual installments over 10 plan years 0)eginning with the plan year in which such event occurs). (ii) BENEFIT AND CONTRIBUTIONS NOT TAKEN INTO AC-

COUNT.—For purposes of subparagraph (B), in determining the funded current liability percentage for any plan year, there shall not be taken into account— ' (I) the unpredictable contingent event benefit liability, or (II) any amount contributed to the plan which is ^' attributable to clause (i). (D) STEEL EMPLOYEE PLAN.—For purposes of this paragraph, the term "steel employee plan" means any plan if— (i) such plan is maintained by a steel company, and (ii) substantially all of the employees covered by such plan are employees of such company. (E) OTHER DEFINITIONS.—For purposes of this paragraph— (i) STEEL COMPANY.—The term "steel company" means any corporation described in section 80603) of the Steel Import Stabilization Act. (ii) OTHER DEFINITIONS.—The terms "current liability", "funded current liability percentage", and "unpredictable contingent event benefit" have the meanings given such terms by section 412(1) of the 1986 Code (as added by this section). (F)95 SPECIAL RULE.—The provisions of this paragraph shall apply in the case of a company which was originally incorporated on April 25, 1927, in Michigan and reincorporated on June 3, 1968, in Delaware in the same manner sis if such company were a steel company.

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SEC. 9304. TIME FOR MAKING CONTRIBUTIONS. (a) PERIOD DURING WHICH CONTRIBUTIONS MAY B E MADE AFTER CLOSE OF YEAR.— (1) AMENDMENT TO 1986 CODE.—Paragraph (10) of section

412(c) of the 1986 Code (relating to time when certain contributions deemed made) is amended to read as follows: "(10) TIME WHEN CERTAIN CONTRIBUTIONS DEEMED MADE.—For

purposes of this section— "(A) PLANS OTHER THAN MULTIEMPLOYER PLANS.—In the

J case of a plan other than a multiemployer plan, any contributions for a plan year made by gm employer during the period— »» Copy read "(E)"

26 USC 412.

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