337 
HR 2830 PCS 
(A)(i)(II) for any such plan year is the amount set 
forth in connection with such plan year in the fol-
lowing table: 
‘‘If the plan year begins in: 
The amount is: 
2006 .......................................................................
$21.20 
2007 .......................................................................
$23.40 
2008 .......................................................................
$25.60 
2009 .......................................................................
$27.80; or 
‘‘(II) if the plan’s funding target attainment 
percentage for the plan year preceding the current 
plan year was less than 80 percent, the premium 
amount referred to in subparagraph (A)(i)(II) for 
such current plan year is the amount set forth in 
connection with such current plan year in the fol-
lowing table: 
‘‘If the plan year begins in: 
The amount is:
2006 .......................................................................
$22.67
2007 .......................................................................
$26.33
2008 or 2009 ..........................................................
the amount provided 
under clause (i). 
‘‘(iv) For purposes of this subparagraph, the term 
‘funding target attainment percentage’ has the meaning 
provided such term in section 303(d)(2).’’. 
(b) PREMIUM RATE FOR CERTAIN TERMINATED SIN-
GLE-EMPLOYER PLANS.—Subsection (a) of section 4006 
of such Act (29 U.S.C. 1306) is amended by adding at 
the end the following:
338 
HR 2830 PCS 
‘‘(7) PREMIUM RATE FOR CERTAIN TERMINATED 
SINGLE-EMPLOYER PLANS.— 
‘‘(A) IN GENERAL.—If there is a termination of 
a single-employer plan under clause (ii) or (iii) of 
section 4041(c)(2)(B) or section 4042, there shall be 
payable to the corporation, with respect to each ap-
plicable 12-month period, a premium at a rate equal 
to $1,250 multiplied by the number of individuals 
who were participants in the plan immediately before 
the termination date. Such premium shall be in ad-
dition to any other premium under this section. 
‘‘(B) SPECIAL RULE FOR PLANS TERMINATED 
IN BANKRUPTCY REORGANIZATION.—If the plan is 
terminated under 4041(c)(2)(B)(ii) or under section 
4042 and, as of the termination date, a person who 
is (as of such date) a contributing sponsor of the 
plan or a member of such sponsor’s controlled group 
has filed or has had filed against such person a peti-
tion seeking reorganization in a case under title 11 
of the United States Code, or under any similar law 
of a State or a political subdivision of a State (or 
a case described in section 4041(c)(2)(B)(i) filed by 
or against such person has been converted, as of 
such date, to such a case in which reorganization is 
sought), subparagraph (A) shall not apply to such
339 
HR 2830 PCS 
plan until the date of the discharge of such person 
in such case. 
‘‘(C) APPLICABLE
12-MONTH
PERIOD.—For 
purposes of subparagraph (A)— 
‘‘(i) IN
GENERAL.—The term ‘applicable 
12-month period’ means— 
‘‘(I) the 12-month period beginning 
with the first month following the month 
in which the termination date occurs, and 
‘‘(II) each of the first two 12-month 
periods immediately following the period 
described in subclause (I). 
‘‘(ii) PLANS TERMINATED IN BANKRUPTCY 
REORGANIZATION.—In any case in which the 
requirements of subparagraph (B) are met in 
connection with the termination of the plan 
with respect to 1 or more persons described in 
such subparagraph, the 12-month period de-
scribed in clause (i)(I) shall be the 12-month 
period beginning with the first month following 
the month which includes the earliest date as of 
which each such person is discharged in the 
case described in such clause in connection with 
such person. 
‘‘(D) COORDINATION WITH SECTION 4007.—
340 
HR 2830 PCS 
‘‘(i) Notwithstanding section 4007— 
‘‘(I) premiums under this paragraph 
shall be due within 30 days after the be-
ginning of any applicable 12-month period, 
and 
‘‘(II) the designated payor shall be the 
person who is the contributing sponsor as 
of immediately before the termination date. 
‘‘(ii) The fifth sentence of section 4007(a) 
shall not apply in connection with premiums de-
termined under this paragraph.’’. 
(c) RISK-BASED PREMIUMS.— 
(1) 
EXTENSION
THROUGH
2006.—Section 
4006(a)(3)(E)(iii)(V) of such Act is amended by 
striking ‘‘January 1, 2006’’ and inserting ‘‘January 
1, 2007’’. 
(2) CONFORMING
AMENDMENTS
RELATED
TO 
FUNDING RULES FOR SINGLE-EMPLOYER PLANS.— 
Section 4006(a)(3)(E) of such Act is amended by 
striking clauses (iii) and (iv) and inserting the fol-
lowing: 
‘‘(iii)(I) For purposes of clause (ii), except as pro-
vided in subclause (II), the term ‘unfunded vested bene-
fits’ means, for a plan year, the amount which would be 
the plan’s funding shortfall (as defined in section
341 
HR 2830 PCS 
303(c)(4)), if the value of plan assets of the plan were 
equal to the fair market value of such assets and only vest-
ed benefits were taken into account. 
‘‘(II) The interest rate used in valuing vested benefits 
for purposes of subclause (I) shall be equal to the first, 
second, or third segment rate which would be determined 
under section 303(h)(2)(C) if section 303(h)(2)(D)(i) were 
applied by substituting ‘the yields’ for ‘the 3-year weighted 
average of yields’, as applicable under rules similar to the 
rules under section 303(h)(2)(B).’’. 
(d) EFFECTIVE DATES.— 
(1) IN GENERAL.—The amendments made by 
subsection (a) and (c)(1) shall apply to plan years 
beginning after December 31, 2005. 
(2) PREMIUM RATE FOR CERTAIN TERMINATED 
SINGLE-EMPLOYER PLANS.—The amendment made 
by subsection (b) shall apply with respect to cases 
commenced under title 11, United States Code, or 
under any similar law of a State or political subdivi-
sion of a State after October 26, 2005. 
(3) CONFORMING
AMENDMENTS
RELATED
TO 
FUNDING RULES FOR SINGLE-EMPLOYER PLANS.— 
The amendments made by subsection (c)(2) shall 
take effect on December 31, 2006, and shall apply 
to plan years beginning after such date.
342 
HR 2830 PCS 
TITLE V—DISCLOSURE 
SEC. 501. DEFINED BENEFIT PLAN FUNDING NOTICES. 
(a) APPLICATION OF PLAN FUNDING NOTICE RE-
QUIREMENTS TO ALL DEFINED BENEFIT PLANS.—Sec-
tion 101(f) of the Employee Retirement Income Security 
Act of 1974 (29 U.S.C. 1021(f)) is amended— 
(1) in the heading, by striking ‘‘MULTIEM-
PLOYER’’; 
(2) in paragraph (1), by striking ‘‘which is a 
multiemployer plan’’; and 
(3) by striking paragraph (2)(B)(iii) and insert-
ing the following: 
‘‘(iii)(I) in the case of a single-em-
ployer plan, a summary of the rules gov-
erning termination of single-employer plans 
under subtitle C of title IV, or 
‘‘(II) in the case of a multiemployer 
plan, a summary of the rules governing in-
solvent multiemployer plans, including the 
limitations on benefit payments and any 
potential benefit reductions and suspen-
sions (and the potential effects of such lim-
itations, reductions, and suspensions on 
the plan); and’’.
343 
HR 2830 PCS 
(b) INCLUSION OF STATEMENT OF THE RATIO OF IN-
ACTIVE PARTICIPANTS TO ACTIVE PARTICIPANTS.—Sec-
tion 101(f)(2)(B) of such Act (29 U.S.C. 1021(f)(2)(B)) 
is amended— 
(1) in clause (iii)(II) (added by subsection 
(a)(3) of this section), by striking ‘‘and’’ at the end; 
(2) in clause (iv), by striking ‘‘apply.’’ and in-
serting ‘‘apply; and’’; and 
(3) by adding at the end the following new 
clause: 
‘‘(v) a statement of the ratio, as of 
the end of the plan year to which the no-
tice relates, of— 
‘‘(I) the number of participants 
who are not in covered service under 
the plan and are in pay status under 
the plan or have a nonforfeitable right 
to benefits under the plan, to 
‘‘(II) the number of participants 
who are in covered service under the 
plan.’’. 
(c) COMPARISON OF MONTHLY AVERAGE OF VALUE 
OF PLAN ASSETS
TO PROJECTED CURRENT LIABIL-
ITIES.—Section 101(f)(2)(B) of such Act (29 U.S.C.
344 
HR 2830 PCS 
1021(f)(2)(B)) (as amended by the preceding provisions 
of this section) is amended further— 
(1) by striking clause (ii) and inserting the fol-
lowing: 
‘‘(ii) a statement of a reasonable esti-
mate of— 
‘‘(I) the value of the plan’s assets 
for the plan year to which the notice 
relates, 
‘‘(II) projected liabilities of the 
plan for the plan year to which the 
notice relates, and 
‘‘(III) the ratio of the estimated 
amount determined under subclause 
(I) to the estimated amount deter-
mined under subclause (II);’’; and 
(2) by adding at the end (after and below 
clause (v)) the following: 
‘‘For purposes of determining a plan’s projected 
liabilities for a plan year under clause (ii)(II), 
such projected liabilities shall be determined by 
projecting forward in a reasonable manner to 
the end of the plan year the liabilities of the 
plan to participants and beneficiaries as of the 
first day of the plan year, taking into account
345 
HR 2830 PCS 
any significant events that occur during the 
plan year and that have a material effect on 
such liabilities, including any plan amendments 
in effect for the plan year.’’. 
(d) STATEMENT OF PLAN’S FUNDING POLICY AND 
METHOD OF ASSET ALLOCATION.—Section 101(f)(2)(B) 
of such Act (as amended by the preceding provisions of 
this section) is amended further— 
(1) in clause (iv), by striking ‘‘and’’ at the end; 
(2) in clause (v), by striking the period and in-
serting ‘‘; and’’; and 
(3) by inserting after clause (v) the following 
new clause: 
‘‘(vi) a statement setting forth the 
funding policy of the plan and the asset al-
location of investments under the plan (ex-
pressed as percentages of total assets) as 
of the end of the plan year to which the 
notice relates.’’. 
(e) NOTICE OF FUNDING IMPROVEMENT PLAN OR 
REHABILITATION PLAN ADOPTED BY MULTIEMPLOYER 
PLAN.—Section 101(f)(2)(B) of such Act (as amended by 
the preceding provisions of this section) is amended fur-
ther— 
(1) in clause (v), by striking ‘‘and’’ at the end;
346 
HR 2830 PCS 
(2) in clause (vi), by striking the period and in-
serting ‘‘; and’’; and 
(3) by inserting after clause (vi) the following 
new clause: 
‘‘(vii) a summary of any funding im-
provement plan, rehabilitation plan, or 
modification thereof adopted under section 
305 during the plan year to which the no-
tice relates.’’. 
(f) NOTICE DUE 90 DAYS AFTER PLAN’S VALU-
ATION DATE.— 
(1) IN
GENERAL.—Section 101(f)(3) of such 
Act (29 U.S.C. 1021(f)(3)) is amended by striking 
‘‘two months after the deadline (including exten-
sions) for filing the annual report for the plan year’’ 
and inserting ‘‘90 days after the end of the plan 
year’’. 
(2) MODEL NOTICE.—Not later than 180 days 
after the date of the enactment of this Act, the Sec-
retary of Labor shall publish a model version of the 
notice required by section 101(f) of the Employee 
Retirement Income Security Act of 1974. 
(g) EFFECTIVE DATE.—The amendments made by 
this section shall apply to plan years beginning after De-
cember 31, 2005.