Page:United States Statutes at Large Volume 94 Part 1.djvu/1359

 PUBLIC LAW 96-364—SEPT. 26, 1980

94 STAT. 1309

"(6) Any plan, fund or program under which an employer, all of whose stock is directly or indirectly owned by employees, former employees or their beneficiaries, proposes through an unfunded arrangement to compensate retired employees for benefits which were forfeited by such employees under a pension plan maintained by a former employer prior to the date such pension plan became subject to this Act.". SEC. 412. STUDIES BY PENSION BENEFIT GUARANTY CORPORATION AND SECRETARY OF LABOR.

(a)(1) The Pension Benefit Guaranty Corporation shall conduct a 29 USC 1306 note. separate study with respect to— (A) the advantages and disadvantages of establishing a graduated premium rate schedule under section 4006 of the Employee Retirement Income and Security Act of 1974 which is based on ^"^«' P- 1264 risk, and (B) the necessity of adopting specisil rules in cases of unionmandated withdrawal from multiemployer pension plans. (2) The Corporation shall report to the Congress the results of the Report to studies conducted under paragraph (1), including its recommenda- Congress. tions with respect thereto. (b)(1) The Secretary of Labor shall study the feasibility of requiring 29 USC 1001a collective bargaining on both the issues of contributions to, and note. benefits from, multiemployer plans. (2) The Secretary shall submit a report on the study conducted Report to under paragraph (1) to the Congress within 3 years of the date of the Congress. enactment of this Act. SEC.

413.

STUDY BY GENERAL REQUIRED.

ACCOUNTING

OFFICE;

HEARINGS 29 USC 1001 note.

(a)(1) The Comptroller General of the United States shall conduct a study of the effects of the amendments made by, and the provisions of, this Act on— (A) participants, beneficiaries, employers, employee organizations, and other parties affected by this Act, and (B) the self-sufficiency of the fund established under section 4005 of the Employee Retirement Income Security Act of 1974 with respect to benefits guaranteed under section 4022A of such Act, taking into account the financial conditions of multiemployer plans and employers. (2)(A) The Comptroller General shall report to the Congress no later than June 30, 1985, the results of the study conducted under paragraph (1), including his recommendations with respect thereto. (B) The report submitted under subparagraph (A) shall be made available to the public. (b) In conducting the study under subsection (a)(1), the Comptroller Gteneral shall consult with the Committees on Finance and Labor and Human Resources of the Senate and the Committees on Education and Labor and Ways and Means of the House of Representatives. (c) The committees described in subsection (b) shall conduct hearings on the report and recommendations submitted under subsection (a)(2). (d) For purposes of conducting the study required by this section, the Comptroller General, or any of his duly authorized representatives, shall have access to and the right to examine and copy any books, documents, papers, records, or other recorded information— (1) within the possession or control of the administrator or the sponsor of any plan, and

Ante, p. 1300. Ante, p. 1210. Report to Congress. Public availability. Consultation with congressional committees.

Information accessibility.

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