Page:United States Statutes at Large Volume 94 Part 1.djvu/1267

 PUBLIC LAW 96-364—SEPT. 26, 1980

94 STAT. 1217

annuity of benefits having a value greater than $1,750, if the corporation determines that such payment is not adverse to the interest of the plan's participants and beneficiaries generally and does not unreasonably increase the corporation's risk of loss with respect to the plan. "(2) The corporation may prescribe reporting requirements for terminated plans, and rules and standards for the administration of such plans, which the corporation considers appropriate to protect the interests of plan participants and beneficiaries or to prevent unreasonable loss to the corporation.".

Reporting requirements.

SEC. 104. EMPLOYER WITHDRAWALS; MERGER OR TRANSFER OF PLAN ASSETS OR LIABILITIES; REORGANIZATION; MINIMUM CONTRIBUTION REQUIREMENT FOR MULTIEMPLOYER PLANS; FINANCIAL ASSISTANCE; BENEFITS AFTER TERMINATION; ENFORCEMENT.

Title IV is amended— (1) by striking out the heading for subtitle E and inserting in lieu thereof the following:

"Subtitle F—Transition Rules and Effective Dates": and (2) by inserting after subtitle D the following new subtitle:

"Subtitle E—Special Provisions for Multiemployer Plans "PART l-EMPLOYER WITHDRAWALS WITHDRAWAL LIABILITY ESTABLISHED

"SEC. 4201. (a) If an employer withdraws from a multiemployer plan in a complete withdrawal or a partial withdrawal, then the employer is liable to the plan in the amount determined under this part to be the withdrawal liability. "(b) For purposes of subsection (a)— "(1) The withdrawal liability of an employer to a plan is the amount determined under section 4211 to be the allocable amount of unfunded vested benefits, adjusted— "(A) first, by any de minimis reduction applicable under section 4209, "(B) next, in the case of a partial withdrawal, in accordance with section 4206, "(C) then, to the extent necessary to reflect the limitation on annual payments under section 4219(c)(1)(B), and "(D)finally,in accordance with section 4225. "(2) The term 'complete withdrawal' means a complete withdrawal described in section 4203. "(3) The term 'partial withdrawal' means a partial withdrawal described in section 4205.

29 USC 1381.

Post, p. 1243. "Complete withdrawal." "Partial withdrawal."

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