Page:United States Statutes at Large Volume 88 Part 1.djvu/1047

 88 STAT. ]

PUBLIC LAW 93-406-SEPT. 2, 1974

ing on January 1, 1976, of actuaries under such interim standards as it deems adequate. (b) The Joint Board may, after notice and an opportunity for a hearing, suspend or terminate the enrollment of an individual under this section if the Joint Board finds that such individual— (1) has failed to discharge his duties under this Act, or (2) does not satisfy the requirements for enrollment as in ejffect at the time of his enrollment. The Joint Board may also, after notice and opportunity for hearing, suspend or terminate the temporary enrollment of an individual who fails to discharge his duties under this Act or Avho does not satisfy the interim enrollment standards. AMENDMENT

OF INTERNAL

REVENUE

1003

Enrollment termination.

Notice and hearing.

CODE

SEC. 3043. Section 7701(a) of the Internal Revenue Code of 1954 (relating to definitions) is amended by adding at the end thereof the following new paragraph: " (35) ENROLLED ACTUARY.—The term 'enrolled actuary' means a person who is enrolled by the Joint Board for the Enrollment of Actuaries established under subtitle C of the title III of the Employee Retirement Income Security Act of 1974."

26 USC 7701,

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TITLE IV—PLAN TERMINATION INSURANCE Subtitle A—Pension Benefit Guaranty Corporation DEFINITIONS

SEC. 4001. (a) For purposes of this title, the term— (1) "administrator" means the person or persons described in paragraph (16) of section 3 of this Act; (2) "substantial employer" means for any plan year an employer (treating employers who are members of the same affiliated group, within the meaning of section 1563(a) of the Internal Revenue Code of 1954, determined without regard to section 1563(a)(4) and (e)(3)(C) of such Code, as one employer) who has made contributions to or under a plan under which more than one employer makes contributions for each of— (A) the two immediately preceding plan years, or (B) the second and third preceding plan years, equaling or exceeding 10 percent of all employer contributions paid to or under that plan for each such year; (3) "multiemployer plan" means a multiemployer plan as defined in section 414(f) of the Internal Revenue Code of 1954 (as added by this Act but without regard to whether such section is in effect on the date of enactment of this Act); (4) "corporation", except where the context clearly requires otherwise, means the Pension Benefit Guaranty Corporation established under section 4002; (5) "fund" means the appropriate fund established under section 4005; (6) "basic benefits" means benefits guaranteed under section 4022 other than under section 4022(c); and

29 USC 1301,

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26 USC 1563.

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Post. p. 1004. Post, p. 1009. ^°s^» p- 1016.

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