Page:United States Statutes at Large Volume 91.djvu/1535

 PUBLIC LAW 95-214^DEC. 19, 1977

91 STAT. 1501

Public Law 95-214 95th Congress An Act To amend title IV of the Employee Retirement Income Security Act of 1974 to postpone, for two years, the date on which the corporation first begins paying benefits under terminated multiemployer plans.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) section 4082(c) of the Employee Ketirement Income Security Act of 1974 (relating to effective dates; special rules) is amended— (1) by striking "January 1, 1978" in paragraph (1) and substituting "July 1, 1979"; (2) by striking "January 1, 1978" in paragraph (2) and substituting "July 1, 1979"; (3) by striking "December 31, 1977" in paragraph (2)(B) and substituting "June 30, 1979"; (4) by striking "January 1, 1978" in paragraph (4) and substituting "July 1, 1979"; (5) by striking "December 31, 1977" in paragraph (4)(D) and substituting "June 30, 1979". (b) Section 4082 of such Act is amended by adding at the end thereof the following new subsections: "(d) The corporation shall present to the Committee on Education and Labor of the House of Representatives and the Committee on Human Resources and the Committee on Finance of the Senate a report which comprehensively addresses the anticipated financial condition of the program relating to mandatory coverage of multiemployer plans, including possible events which might cause the corporation to experience serious financial difficulty after July 1, 1979. Such report shall include an explanation of any alternative courses of action which might be taken by the corporation to insure proper coverage of multiemployer plans and the proper financing of the program relating to such plans. If the report contains recommendations for amendments to this title, such recommendations shall be fully explained, and shall be accompanied by explanations of other options for legislative change considered and rejected by the corporation. The report shall be presented by July 1, 1978.

Dec. 19. 1977 [H.R. 9378]

Employee Retirement Income Security Act of 1974, amendment. 29 USC 1381.

Report to congressional committees.

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