Page:United States Statutes at Large Volume 120.djvu/212

 PUBLIC LAW 109–171—FEB. 8, 2006

120 STAT. 181

in clause (i) of subparagraph (A) an amount equal to the greater of— ‘‘(i) the product derived by multiplying the premium rate specified in clause (i) of subparagraph (A) by the ratio of— ‘‘(I) the national average wage index (as defined in section 209(k)(1) of the Social Security Act) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to ‘‘(II) the national average wage index (as so defined) for 2004; and ‘‘(ii) the premium rate in effect under clause (i) of subparagraph (A) for plan years beginning in the preceding calendar year. If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.’’. (2) MULTIEMPLOYER PLANS.— (A) IN GENERAL.—Section 4006(a)(3)(A) of such Act (29 U.S.C. 1306(a)(3)(A)) is amended— (i) in clause (iii)— (I) by inserting ‘‘and before January 1, 2006,’’ after ‘‘Act of 1980,’’; and (II) by striking the period at the end and inserting ‘‘, or’’; and (ii) by adding at the end the following: ‘‘(iv) in the case of a multiemployer plan, for plan years beginning after December 31, 2005, $8.00 for each individual who is a participant in such plan during the applicable plan year.’’. (B) ADJUSTMENT FOR INFLATION.—Section 4006(a)(3) of such Act (29 U.S.C. 1306(a)(3)), as amended by this subsection, is amended by adding at the end the following new subparagraph: ‘‘(G) For each plan year beginning in a calendar year after 2006, there shall be substituted for the premium rate specified in clause (iv) of subparagraph (A) an amount equal to the greater of— ‘‘(i) the product derived by multiplying the premium rate specified in clause (iv) of subparagraph (A) by the ratio of— ‘‘(I) the national average wage index (as defined in section 209(k)(1) of the Social Security Act) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to ‘‘(II) the national average wage index (as so defined) for 2004; and ‘‘(ii) the premium rate in effect under clause (iv) of subparagraph (A) for plan years beginning in the preceding calendar year. If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.’’. (b) PREMIUM RATE FOR CERTAIN TERMINATED SINGLE-EMPLOYER PLANS.—Subsection (a) of section 4006 of such Act (29 U.S.C. 1306) is amended by adding at the end the following: ‘‘(7) PREMIUM RATE FOR CERTAIN TERMINATED SINGLEEMPLOYER PLANS.—

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