Page:United States Statutes at Large Volume 88 Part 1.djvu/873

 88 STAT. ]

PUBLIC LAW 93-406-SEPT. 2, 1974

829

Public Law 93-406 AN ACT

September 2, 1974

To provide for pension reform,

I^H. R. 2 ]

Be it enacted by the Senate and House of Representatives United States of America in Congress assembled, SHORT TITLE A N D

TABLE OF

of the

CONTENTS

1. This Act may be cited as the "Employee Eetirement Income Security Act of 1974". SECTION

TABLE

OF

CONTENTS

Sec. 1. Short title and table of contents. TITLE I—PROTECTION OF EMPLOYEE B E N E F I T

RIGHTS

Subtitle A—General Provisions Sec. 2. Findings and declaration of policy. Sec. 3. Definitions. Sec. 4. Coverage. Subtitle B—Regulatory Provisions PART 1—REPORTING AND DISCLOSURE

Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111.

Duty of disclosure and reporting. P l a n description and summary plan description. Annual reports. Filing with Secretary and furnishing information to participants. Reporting of participant's benefit rights. Reports made public information. Retention of records. Reliance on administrative interpretations. Forms. Alternative methods of compliance. Repeal and effective date. PART 2—PARTICIPATION AND VESTING

Sec. Sec. Sec. Sec. Sec. Sec. Sec, Sec, Sec. Sec.

201, 202, 203. 204. 205. 206. 207, 208. 209. 210.

Coverage. Minimum participation standard s. Minimum vesting standard s. Benefit accrual requirements. Joint and survivor annuity requirement. Other provisions relating to form and payment of benefits. Temporary variances from certain vesting requirements. Mergers and consolidations of plans or transfers of plan assets. Recordkeeping and reporting requirements. P l a n s maintained by more than one employer, predecessor plans, and employer groups. Sec, 211. Effective dates. PART 3—^FUNDING

Sec. Sec. Sec. Sec. Sec. Sec,

301. 302. 303. 304. 305. 306.

Coverage. Minimum funding standard s. "Variance from minimum funding standard. Extension of amortization periods. Alternative minimum funding standard. Effective dates. PART 4—FIDUCIARY R E S P O N S I B I U T Y

Sec. Sec, Sec, Sec. Sec. Sec. Sec.

401. 402, 403, 404. 405. 406. 407.

Coverage. Establishment of plan. Establishment of t r u s t. Fiduciary duties. Liability for breach by co-fiduciary. Prohibited transactions. 10 percent limitation with respect to acquisition and holding of employer securities and employer real property by certain plans.

tJ^eniincfll Security Act of ^^7"^29 USC 1001 note.

�