Page:United States Statutes at Large Volume 108 Part 6.djvu/461

 PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 5029 "(III) PERIODIC REVIEW.— The Secretary of the Regulations. Treasury shall periodically (at least every 5 years) review any tables ia effect under this subsection and shall, to the extent the Secretary determines necessary, by regulation update the tables to reflect the actual experience of pension plans and projected trends in such experience, "(iii) SEPARATE MORTALITY TABLES FOR THE DIS- ABLED.— Notwithstanding clause (ii)— "(I) IN GENERAL.—In the case of plan years beginning after December 31, 1995, the Secretary of the Treasury shall establish mortaUty tables which may be used (in lieu of the tables under clause (ii)) to determine current liability under this subsection for individuals who are entitled to benefits under the plan on account of disability. Such Secretary shall estabhsh separate tables for individuals whose disabihties occur in plan years beginning before January 1, 1995, and for individuals whose disabihties occur in plan years beginning on or after such date. "(II) SPECIAL RULE FOR DISABILITIES OCCUR- RING AFTER 1994. —In the case of disabihties occurring in plan years beginning after December 31, 1994, the tables under subclause (I) shall apply only with respect to individuals described in such subclause who are disabled within the meaning of title II of the Social Security Act and the regulations thereunder. "(Ill) PLAN YEARS BEGINNING IN 1995.— In the case of any plan year beginning in 1995, a plsin may use its own mortahty assumptions for individuals who are entitled to benefits under the plan on account of disabihty." (B) AMORTIZATION OF UNFUNDED MORTALITY INCREASE AMOUNT. — (i) IN GENERAL. —Paragraph (2) of section 302(d) of such Act, as amended by paragraph (3), is amended 29 USC 1082. by striking "plus" at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting ", and", and by adding at the end the following new subparagraph: "(D) the aggregate of the uniunded mortahty increase amounts." (ii) UNFUNDED MORTALITY INCREASE AMOUNT. — Section 302(d) of such Act, as amended by paragraph (1), is amended by adding at the end the following new paragraph: "(10) UNFUNDED MORTALITY INCREASE AMOUNT. — "(A) IN GENERAL.— The imfimded mortality increase amount with respect to each unfunded mortahty increase is the amount necessary to amortize such increase in equal annual installments over a period of 10 plan years (beginning with the first plan year for which a plan uses any new mortahty table issued under paragraph (7)(C)(ii)(n) or (III)).

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