Page:United States Statutes at Large Volume 94 Part 1.djvu/254

 94 STAT. 204

PUBLIC LAW 96-222—APR. 1, 1980

92 Stat. 2797. 26 USC 415.

at the end of paragraph (2) and inserting in Heu thereof a period, and by striking out paragraph (3). (ii) Paragraphs (2), (3), and (4) of section 404(h) are each amended by striking out "subparagraph (1)" each place it appears and inserting in lieu thereof "paragraph (1)". (iii) Paragraph (2) of section 152(g) of the Revenue Act of 1978 is amended by striking out "section 415(b)(2)" and inserting in lieu thereof "section 415(a)(2)".

92 Stat. 2800.

(H) AMENDMENTS REIATED TO SECTION 153 OF THE ACT.—

26 USC 404.

(A) WAIVER OF SECTION 4i5(bxiXB) LIMITATION DOES NOT APPLY WHERE PARTICIPANT IS ALSO A PARTICIPANT OF ANOTHER

26 USC 415.

QUALIFiED PLAN.—Paragraph (7) of section 415(b) (relating to benefits under certain collectively bargained plans) is amended by inserting after the second sentence the following new sentence: "This paragraph shall not apply to a participant for any period for which he is a participant under another plan to which this section applies which is maintained by an employer maintaining this plan." (B) FORMULA FOR DETERMINING BENEFITS IN THE CASE OF

SECTION 4i5(b)(7) PLANS.—Subparagraph (C) of section 415(b)(7) is amended to read as follows: "(C) under which benefits are determined solely by reference to length of service, the particular years during which service was rendered, age at retirement, and date of retirement,". 92 Stat. 2801.

26 USC 403. 92 Stat. 2801. 26 USC 403 note.

26 USC 403 note.

(12) AMENDMENT RELATED TO SECTION 154 OF THE ACT.—Subpar-

agraph (A) of section 403(b)(7) is amended by striking out "which satisfied" and inserting in lieu thereof "which satisfies". (13) AMENDMENT RELATED TO SECTION 156 OF THE ACT.— (A) EFFECTIVE DATE.—Subsection (d) of soction 156 of the Revenue Act of 1978 (relating to effective date for provision allowing rollover of section 403(b) annuities) is amended by striking out "December 31, 1978" and inserting in lieu thereof "December 31, 1977". (B) TRANSITIONAL RULE FOR MAKING SECTION 403(b)(8) ROLLOVER IN THE CASE OF PAYMENTS DURING 1978.—In the

case of any payment made during 1978 in a qualifying distribution described in section 403(b)(8) of the Internal Revenue Code of 1954, the applicable period specified in section 402(a)(5)(C) of such Code shall not expire before the close of December 31, 1980. (C)

26 USC 403, 49'73. 92 Stat. 2803. 26 USC 402 note.

CLERICAL

AMENDMENTS.—Sections

403(b)(1)

and

4973(c)(1) are each amended by striking out "409(d)(3)(C)", and inserting in lieu thereof "409(b)(3)(C)^'. (14) AMENDMENTS RELATED TO SECTION 157 OF THE ACT.— (A) EFFECTIVE DATE FOR REMOVAL OF CERTAIN REQUIREMENTS.—Paragraph (3) of section 157(h) of the Revenue Act

of 1978 is amended by striking out "the amendments made by this section" each place it appears and inserting in lieu thereof "the amendments made by this subsection". (B) CONFORMING AMENDMENTS FOR SPOUSAL ROLLOVERS.—

26 USC 219 220, 408,409,4973, 26 USC 402.

Soctions 219(b)(4), 220(b)(5), 408(a)(1), 409(a)(4), and 4973(b)(1)(A) are each amended by inserting "402(a)(7)," after "section 402(a)(5),". (C) SPOUSAL ROLLOVERS.—Clause (i) of section 402(a)(7)(A) is amended to read as follows:

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