Page:United States Statutes at Large Volume 90 Part 2.djvu/306

 9 0 STAT. 1774

PUBLIC LAW 94-455—OCT. 4, 1976 o* f >

26 USC 402.

26 USC 402 note.

(C)(i) So much of the t h i r d sentence of section 402(e)(4) (A) (relating to definition of l u m p sum distributions) as precedes "a distribution of an annuity contract" is amended to read as follows: " E x c e p t for purposes of subsection (a)(2) and section 403(a)(2), ". (ii) The amendment made by clause (i) shall apply with respect to distributions or payments made after December 31, 1973, in taxable years beginning after such date. (58) AMENDMENT OF SECTION 4 0 3. — The last t w o sentences of

26 USC 403.

section 4 0 3 (a)(4) (relating to taxation of employee annuities) are amended to read as follows: " For purposes of t h i s title, a transfer described in subparagraph (B)(i) shall be treated as a rollover contribution described in section 4 0 8 (d)(3). Subparagraph (B) (ii) does not apply in the case of a transfer to an employees' trust, or annuity plan if any part of a payment described in subparagraph (A) is attributable to a n a n n u i t y p l a n under which the employee was an employee within the meaning of section 401(c)(1) at the time contributions were m a d e on h i s behalf under the plan."

26 USC 404.

(59) AMENDMENT OF SECTION 4 04.—Section 404 ( r e l a t i n g to

deduction for contributions to pension plans, etc.) is amended by striking out subsection (d) (relating to carryover of pre-1954 unused deductions). 26 USC 409.

(60)

AMENDMENT

or

SECTION

4 09.—Section

409(b)(3)(C)

(relating to tax-free rollovers of individual retirement bonds) is amended by striking out "section 4 0 3 (d)(3). " and inserting in lieu thereof "section 408(d)(3). " (61)

26 USC 410.

AMENDMENTS OF SECTION 4 1 O. —

(A) Subparagraph s (C) and (D) of section 410(a)(5) (relating to breaks in service) are each amended by striking out "purposes of subsection (a)(1) " and inserting in lieu thereof "purposes of paragraph (1) ". (B) Paragraph (1)(C) of section 410(c) (relating to application of minimum participation standards) is amended by striking out " the date of the enactment of the Employee Ketirement Income Security Act of 1974" and inserting i n lieu thereof "September 2, 1974,". (C) Paragraph (2) of section 410(c) is amended by striking out " the d a y before the date of the enactment of this section" and inserting in lieu thereof "September 1, 1974".

fA.,r 29 USC 1001 'Hote. '

(62) AMENDMENTS o r SECTION 4 1 1. —

26 USC 411.

,i^m-

^,

(A) Subsection (a) of section 411 (relating to minimum vesting standards) is amended by striking out "subsection (a)(8) " and inserting in lieu thereof " paragraph (8) ". (B) Subsection (a)(3)(D) (iii) of section 411 is amended— (i) by striking out " the date of the enactment of the Employee Eetirement Income Security Act of 1974" and "the date of the enactment of such Act " and inserting in lieu thereof in both such places "September 2, 1974, and (ii) by striking out " the date of the enactment of the Act " and inserting i n lieu thereof "September 2, 1974,". (C) The heading for subparagraph (C) of section 411 (a)(7) is amended to read as follows: "(C)

R E P A Y M E N T OF SUBPARAGRAPH (B) DISTRIBUTIONS.—"

(D) Subsection (b)(1)(D)(i) and (e)(1)(C) of section 411 are each amended by striking out " the date of the

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