Page:United States Statutes at Large Volume 102 Part 4.djvu/790

 102 STAT. 3760

PUBLIC LAW 100-647—NOV. 10, 1988 in calendar years 1988, 1989, and 1990, the contribution rate shall be 8 percent. "(ii) 4TH CALENDAR YEAR.—With respect to compensation paid in calendar year 1991, the contribution rate shall be the smaller of— "(I) the maximum contribution limit computed under paragraph (20); or "(II) the percentage computed pursuant to the following formula: R=

2A+B

"(iii) 5TH CALENDAR YEAR.—With respect to compensation paid in calendar year 1992, the contribution rate shall be the smaller of— "(I) the maximum contribution limit computed under paragraph (20); or "(II) the percentage computed pursuant to the following formula: R=

A+2C

"(iv) MEANING OF SYMBOLS.—For purposes of the formulas in clauses (ii) and (iii)— "(I) *R' is the applicable contribution rate expressed as a percentage for months in the calendar year; "(II) 'A' is the contribution rate determined under clause (i); "(III) *B' is the percentage rate for the employer, as determined under subparagraph (C), for calendar year 1991; and "(IV) 'C is the percentage rate for the employer, as determined under subparagraph (C), for calendar year 1992. "(v) SPECIAL RULE FOR CERTAIN COMPUTATIONS.—For

purposes of computing B and C in such formulas— "(I) the percentage rate computed under subparagraph (C), if more than the maximum contribution limit computed under paragraph (20) shall not be reduced to that limit; and "(II) any computations which under subparagraph (C) are to be made on the basis of a 4-quarter or a 12-quarter period ending on a given June 30 shall be made on the basis of a period beginning on January 1, 1990, and ending on that June 30, and the amount so computed shall be increased to an

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