(v) in subparagraph (J)(i)— 
(I) by striking ‘‘the participant’’ 
each place it appears and inserting ‘‘a 
participant’’, 
(II) in the matter preceding sub-
clause (I), by inserting ‘‘referred to in 
subsection (e)(3)(B)’’ after ‘‘invest-
ment advice’’, and 
(III) in subclause (II), by strik-
ing ‘‘section 408(b)(4)’’ and inserting 
‘‘subsection (d)(4)’’. 
(3) 
AMENDMENT
TO
2006
ACT.—Section 
601(b)(4) of the 2006 Act is amended by striking 
‘‘section 4975(c)(3)(B)’’ and inserting ‘‘section 
4975(e)(3)(B)’’. 
(b) AMENDMENTS RELATED TO SECTION 611.— 
(1) 
AMENDMENT
TO
ERISA.—Section 
408(b)(18)(C) of ERISA is amended by striking ‘‘or 
less’’. 
(2) AMENDMENTS
TO
1986
CODE.—Section 
4975(d) of the 1986 Code is amended— 
(A) in the matter preceding subparagraph 
(A) of paragraph (18)— 
(i) by striking ‘‘party in interest’’ and 
inserting ‘‘disqualified person’’, and
(ii) by striking ‘‘subsection (e)(3)(B)’’ 
and inserting ‘‘subsection (e)(3)’’, 
(B) in paragraphs (19), (20), and (21), by 
striking ‘‘party in interest’’ each place it ap-
pears and inserting ‘‘disqualified person’’, and 
(C) by striking ‘‘or less’’ in paragraph 
(21)(C). 
(c) AMENDMENTS RELATED TO SECTION 612.—Sec-
tion 4975(f)(11)(B)(i) of the 1986 Code is amended by— 
(1) inserting ‘‘of the Employee Retirement In-
come 
Security 
Act 
of 
1974’’ 
after 
‘‘section 
407(d)(1)’’, and 
(2) inserting ‘‘of such Act’’ after ‘‘section 
407(d)(2)’’. 
(d) AMENDMENTS RELATED TO SECTION 624.—Sec-
tion 404(c)(5) of ERISA is amended by striking ‘‘partici-
pant’’ each place it appears and inserting ‘‘participant or 
beneficiary’’. 
SEC. 107. AMENDMENTS RELATED TO TITLE VII. 
(a) AMENDMENTS TO ERISA.— 
(1) Section 203(f)(1)(B) of ERISA is amended 
to read as follows: 
‘‘(B) the requirements of section 204(c) or 
205(g), or the requirements of subsection (e),
with respect to accrued benefits derived from 
employer contributions,’’. 
(2) Section 204(b)(5) of ERISA is amended— 
(A) by striking ‘‘clause’’ in subparagraph 
(A)(iii) and inserting ‘‘subparagraph’’, and 
(B) by inserting ‘‘otherwise’’ before ‘‘allow-
able’’ in subparagraph (C). 
(3) Subclause (II) of section 204(b)(5)(B)(i) of 
ERISA is amended to read as follows: 
‘‘(II) PRESERVATION
OF
CAP-
ITAL.—An applicable defined benefit 
plan shall be treated as failing to 
meet the requirements of paragraph 
(1)(H) unless the plan provides that 
an interest credit (or equivalent 
amount) of less than zero shall in no 
event result in the account balance or 
similar amount being less than the ag-
gregate amount of contributions cred-
ited to the account.’’. 
(b) AMENDMENTS TO 1986 CODE.— 
(1) Section 411(b)(5) of the 1986 Code is 
amended— 
(A) by striking ‘‘clause’’ in subparagraph 
(A)(iii) and inserting ‘‘subparagraph’’, and
(B) by inserting ‘‘otherwise’’ before ‘‘allow-
able’’ in subparagraph (C). 
(2) Section 411(a)(13)(A) of the 1986 Code is 
amended— 
(A) by striking ‘‘paragraph (2)’’ in clause 
(i) and inserting ‘‘subparagraph (B)’’, 
(B) by striking clause (ii) and inserting the 
following new clause: 
‘‘(ii) the requirements of subsection 
(a)(11) or (c), or the requirements of sec-
tion 417(e), with respect to accrued bene-
fits derived from employer contributions,’’, 
and 
(C) by striking ‘‘paragraph (3)’’ in the 
matter following clause (ii) and inserting ‘‘sub-
paragraph (C)’’. 
(3) Subclause (II) of section 411(b)(5)(B)(i) of 
the 1986 Code is amended to read as follows: 
‘‘(II) PRESERVATION
OF
CAP-
ITAL.—An applicable defined benefit 
plan shall be treated as failing to 
meet the requirements of paragraph 
(1)(H) unless the plan provides that 
an interest credit (or equivalent 
amount) of less than zero shall in no
event result in the account balance or 
similar amount being less than the ag-
gregate amount of contributions cred-
ited to the account.’’. 
(c) AMENDMENTS TO 2006 ACT.— 
(1) Section 701(d)(2) of the 2006 Act is 
amended 
by 
striking 
‘‘204(g)’’ 
and 
inserting 
‘‘205(g)’’. 
(2) Section 701(e) of the 2006 Act is amend-
ed— 
(A) by inserting ‘‘on or’’ after ‘‘period’’ in 
paragraph (3), 
(B) in paragraph (4)— 
(i) by inserting ‘‘the earlier of’’ after 
‘‘before’’ in the matter preceding subpara-
graph (A), and 
(ii) by striking ‘‘earlier’’ and inserting 
‘‘later’’ in subparagraph (A), 
(C) by inserting ‘‘on or’’ before ‘‘after’’ 
each place it appears in paragraph (5), and 
(D) by adding at the end the following new 
paragraph: 
‘‘(6) SPECIAL
RULE
FOR
VESTING
REQUIRE-
MENTS.—The requirements of section 203(f)(2) of 
the Employee Retirement Income Security Act of
1974 and section 411(a)(13)(B) of the Internal Rev-
enue Code of 1986 (as added by this Act)— 
‘‘(A) shall not apply to a participant who 
does not have an hour of service after the effec-
tive date of such requirements (as otherwise de-
termined under this subsection); and 
‘‘(B) in the case of a plan other than a 
plan described in paragraph (3) or (4), shall 
apply to plan years ending on or after June 29, 
2005.’’. 
SEC. 108. AMENDMENTS RELATED TO TITLE VIII. 
(a) AMENDMENTS RELATED TO SECTION 801.— 
(1) Section 404(o) of the 1986 Code is amend-
ed— 
(A) by striking ‘‘430(g)(2)’’ in paragraph 
(2)(A)(ii) and inserting ‘‘430(g)(3)’’, and 
(B) by striking ‘‘412(f)(4)’’ in paragraph 
(4)(B) and inserting ‘‘412(d)(3)’’. 
(2) Section 404(a)(7)(A) of the 1986 Code is 
amended— 
(A) by striking the next to last sentence, 
and 
(B) by striking ‘‘the plan’s funding short-
fall determined under section 430’’ in the last 
sentence and inserting ‘‘the excess (if any) of
the plan’s funding target (as defined in section 
430(d)(1)) over the value of the plan’s assets 
(as determined under section 430(g)(3))’’. 
(b) AMENDMENT RELATED TO SECTION 802.—Sec-
tion 404(a)(1)(D)(i) of the 1986 Code is amended by 
striking ‘‘431(c)(6)(C)’’ and inserting ‘‘431(c)(6)(D)’’. 
(c) AMENDMENT RELATED
TO SECTION 803.— 
Clause (iii) of section 404(a)(7)(C) of the 1986 Code is 
amended to read as follows: 
‘‘(iii) LIMITATION.—In the case of 
employer contributions to 1 or more de-
fined contribution plans— 
‘‘(I) if such contributions do not 
exceed 6 percent of the compensation 
otherwise paid or accrued during the 
taxable year to the beneficiaries under 
such plans, this paragraph shall not 
apply to such contributions or to em-
ployer contributions to the defined 
benefit plans to which this paragraph 
would otherwise apply by reason of 
contributions to the defined contribu-
tion plans, and 
‘‘(II) if such contributions exceed 
6 percent of such compensation, this
paragraph shall be applied by only 
taking into account such contributions 
to the extent of such excess. 
For purposes of this clause, amounts car-
ried over from preceding taxable years 
under subparagraph (B) shall be treated 
as employer contributions to 1 or more de-
fined contributions plans to the extent at-
tributable to employer contributions to 
such plans in such preceding taxable 
years.’’. 
(d) AMENDMENTS RELATED TO SECTION 824.— 
(1) Section 408A(c)(3)(B) of the 1986 Code, as 
in effect after the amendments made by section 
824(b)(1) of the 2006 Act, is amended— 
(A) by striking the second ‘‘an’’ before ‘‘el-
igible’’, 
(B) by striking ‘‘other than a Roth IRA’’, 
and 
(C) by adding at the end the following new 
flush sentence: 
‘‘This subparagraph shall not apply to a quali-
fied rollover contribution from a Roth IRA or 
to a qualified rollover contribution from a des-
ignated Roth account which is a rollover con-
tribution described in section 402A(c)(3)(A).’’ 
(2) Section 408A(d)(3)(B), as in effect after 
the amendments made by section 824(b)(2)(B) of 
the 2006 Act, is amended by striking ‘‘(other than 
a Roth IRA)’’ and by inserting at the end the fol-
lowing new sentence: ‘‘This paragraph shall not 
apply to a distribution which is a qualified rollover 
contribution from a Roth IRA or a qualified rollover 
contribution from a designated Roth account which 
is a rollover contribution described in section 
402A(c)(3)(A)’’. 
(e) AMENDMENT TO SECTION 827.—The first sen-
tence of section 72(t)(2)(G)(iv) of the 1986 Code is 
amended by inserting ‘‘on or’’ before ‘‘before’’. 
(f) AMENDMENTS RELATED TO SECTION 829.— 
(1) Section 402(c)(11) of the 1986 Code is 
amended— 
(A) by inserting ‘‘described in paragraph 
(8)(B)(iii)’’ after ‘‘eligible retirement plan’’ in 
subparagraph (A), and 
(B) by striking ‘‘trust’’ before ‘‘designated 
beneficiary’’ in subparagraph (B). 
(2)(A) Section 402(f)(2)(A) of the 1986 Code is 
amended by adding at the end the following new
(B) is amended by striking ‘‘subparagraph 
(C)(ii)’’ and inserting ‘‘subparagraph (B)(ii)’’. 
(i) AMENDMENTS RELATED TO SECTION 841.— 
(1) Section 420(c)(1)(A) of the 1986 Code is 
amended by adding at the end the following new 
sentence: ‘‘In the case of a qualified future transfer 
or collectively bargained transfer to which subsection 
(f) applies, any assets so transferred may also be 
used to pay liabilities described in subsection 
(f)(2)(C).’’ 
(2) Section 420(f)(2) of the 1986 Code is 
amended by striking ‘‘such’’ before ‘‘the applicable’’ 
in subparagraph (D)(i)(I). 
(3) Section 4980(c)(2)(B) of the 1986 Code is 
amended by striking ‘‘or’’ at the end of clause (i), 
by striking the period at the end of clause (ii) and 
inserting ‘‘, or’’, and by adding at the end the fol-
lowing new clause: 
‘‘(iii) any transfer described in section 
420(f)(2)(B)(ii)(II).’’. 
(j) AMENDMENTS RELATED TO SECTION 845.— 
(1) Subsection (l) of section 402 of the 1986 
Code is amended— 
(A) in paragraph (1)—
(i) by inserting ‘‘maintained by the 
employer described in paragraph (4)(B)’’ 
after ‘‘an eligible retirement plan’’, and 
(ii) by striking ‘‘of the employee, his 
spouse, or dependents (as defined in sec-
tion 152)’’ , 
(B) in paragraph (4)(D), by— 
(i) inserting ‘‘(as defined in section 
152)’’ after ‘‘dependents’’, and 
(ii) striking ‘‘health insurance plan’’ 
and inserting ‘‘health plan’’, and 
(C) in paragraph (5)(A), by striking 
‘‘health insurance plan’’ and inserting ‘‘health 
plan’’. 
(2) Subparagraph (B) of section 402(l)(3) of 
the 1986 Code is amended by striking ‘‘all amounts 
distributed from all eligible retirement plans were 
treated as 1 contract for purposes of determining 
the inclusion of such distribution under section 72’’ 
and inserting ‘‘all amounts to the credit of the eligi-
ble public safety officer in all eligible retirement 
plans maintained by the employer described in para-
graph (4)(B) were distributed during such taxable 
year and all such plans were treated as 1 contract 
for purposes of determining under section 72 the ag-
gregate amount which would have been so includ-
ible’’. 
(k) AMENDMENTS RELATED TO SECTION 854.— 
(1) Section 3121(b)(5)(E) of the 1986 Code is 
amended by striking ‘‘or special trial judge’’. 
(2) Section 210(a)(5)(E) of the Social Security 
Act is amended by striking ‘‘or special trial judge’’. 
(l) AMENDMENTS RELATED TO SECTION 856.—Sec-
tion 856 of the 2006 Act, and the amendments made by 
such section, are hereby repealed, and the Internal Rev-
enue Code of 1986 shall be applied and administered as 
if such sections and amendments had not been enacted. 
(m) AMENDMENT RELATED TO SECTION 864.—Sec-
tion 864(a) of the 2006 Act is amended by striking ‘‘Rec-
onciliation’’. 
SEC. 109. AMENDMENTS RELATED TO TITLE IX. 
(a) AMENDMENT RELATED TO SECTION 901.—Sec-
tion 401(a)(35)(E)(iv) of the 1986 Code is amended to 
read as follows: 
‘‘(iv) ONE-PARTICIPANT RETIREMENT 
PLAN.—For purposes of clause (iii), the 
term 
‘one-participant 
retirement 
plan’ 
means a retirement plan that on the first 
day of the plan year—
‘‘(I) covered only one individual 
(or the individual and the individual’s 
spouse) and the individual (or the in-
dividual and the individual’s spouse) 
owned 100 percent of the plan spon-
sor (whether or not incorporated), or 
‘‘(II) covered only one or more 
partners 
(or 
partners 
and 
their 
spouses) in the plan sponsor.’’. 
(b) AMENDMENTS RELATED TO SECTION 902.— 
(1) Section 401(k)(13)(D)(i)(I) of the 1986 
Code is amended by striking ‘‘such compensation as 
exceeds 1 percent but does not’’ and inserting ‘‘such 
contributions as exceed 1 percent but do not’’. 
(2) Sections 401(k)(8)(E) and 411(a)(3)(G) of 
the 1986 Code are each amended— 
(A) by striking ‘‘an erroneous automatic 
contribution’’ and inserting ‘‘a permissible with-
drawal’’, and 
(B) by striking ‘‘ERRONEOUS AUTOMATIC 
CONTRIBUTION’’ in the heading and inserting 
‘‘PERMISSIBLE WITHDRAWAL’’. 
(3) Section 402(g)(2)(A)(ii) of the 1986 Code is 
amended by inserting ‘‘through the end of such tax-
able year’’ after ‘‘such amount’’.
(4) Section 414(w)(3) of the 1986 Code is 
amended— 
(A) in subparagraph (B), by inserting 
‘‘and’’ after the comma at the end, 
(B) by striking subparagraph (C), and 
(C) by redesignating subparagraph (D) as 
subparagraph (C). 
(5) Section 414(w)(5) of the 1986 Code is 
amended by striking ‘‘and’’ at the end of subpara-
graph (B), by striking the period at the end of sub-
paragraph (C) and inserting a comma, and by add-
ing at the end the following: 
‘‘(D) a simplified employee pension the 
terms of which provide for a salary reduction 
arrangement described in section 408(k)(6), 
and 
‘‘(E) a simple retirement account (as de-
fined in section 408(p)).’’. 
(6) Section 414(w)(6) of the 1986 Code is 
amended by inserting ‘‘or for purposes of applying 
the limitation under section 402(g)(1)’’ before the 
period at the end. 
(c) AMENDMENTS RELATED TO SECTION 903.— 
(1) AMENDMENT
OF
1986
CODE.—Section 
414(x)(1) of the 1986 Code is amended by adding
at the end of paragraph (1) the following new sen-
tence: ‘‘In the case of a termination of the defined 
benefit plan and the applicable defined contribution 
plan forming part of an eligible combined plan, the 
plan administrator shall terminate each such plan 
separately.’’ 
(2) AMENDMENTS OF ERISA.—Section 210(e) 
of ERISA is amended— 
(A) by adding at the end of paragraph (1) 
the following new sentence: ‘‘In the case of a 
termination of the defined benefit plan and the 
applicable defined contribution plan forming 
part of an eligible combined plan, the plan ad-
ministrator shall terminate each such plan sep-
arately.’’, and 
(B) by striking paragraph (3) and by re-
designating paragraphs (4), (5), and (6) as 
paragraphs (3), (4), and (5), respectively. 
(d) AMENDMENTS RELATED TO SECTION 906.— 
(1) Section 906(b)(1)(B)(ii) of the 2006 Act is 
amended by striking ‘‘paragraph (1)’’ and inserting 
‘‘paragraph (10)’’. 
(2) Section 4021(b) of ERISA is amended by 
inserting ‘‘or’’ at the end of paragraph (12), by
striking ‘‘; or’’ at the end of paragraph (13) and in-
serting a period, and by striking paragraph (14). 
SEC. 110. AMENDMENTS RELATED TO TITLE X. 
(a) AMENDMENTS
TO
RAILROAD
RETIREMENT 
ACT.— 
(1) Section 14(b) of the Railroad Retirement 
Act of 1974 (45 U.S.C. 231m(b)) is amended by 
adding at the end the following: 
‘‘(3)(A) Payments made pursuant to paragraph 
(2) of this subsection shall not require that the em-
ployee be entitled to an annuity under section 
2(a)(1) of this Act: Provided, however, That where 
an employee is not entitled to such an annuity, pay-
ments made pursuant to paragraph (2) may not 
begin before the month in which the following three 
conditions are satisfied: 
‘‘(i) The employee has completed ten years 
of service in the railroad industry or, five years 
of service all of which accrues after December 
31, 1995. 
‘‘(ii) The spouse or former spouse attains 
age 62. 
‘‘(iii) The employee attains age 62 (or if 
deceased, would have attained age 62).
‘‘(B) Payments made pursuant to paragraph 
(2) of this subsection shall terminate upon the death 
of the spouse or former spouse, unless the court doc-
ument provides for termination at an earlier date. 
Notwithstanding the language in a court order, that 
portion of payments made pursuant to paragraph 
(2) which represents payments computed pursuant 
to section 3(f)(2) of this Act shall not be paid after 
the death of the employee. 
‘‘(C) If the employee is not entitled to an annu-
ity under section 2(a)(1) of this Act, payments made 
pursuant to paragraph (2) of this subsection shall be 
computed as though the employee were entitled to 
an annuity.’’. 
(2) Subsection (d) of section 5 of the Railroad 
Retirement Act (45 U.S.C. 231d) is repealed. 
(b) EFFECTIVE DATES.— 
(1) 
SUBSECTION
(a)(1).—The 
amendment 
made by subsection (a)(1) shall apply with respect to 
payments due for months after August 2007. If, 
prior to the effective date of such amendment, pay-
ment pursuant to paragraph (2) of section 14(b) of 
the Railroad Retirement Act of 1974 (45 U.S.C. 
231m(b)) was terminated because of the employee’s
death, payment to the former spouse may be rein-
stated for months after August 2007. 
(2) 
SUBSECTION
(a)(2).—The 
amendment 
made by subsection (a)(2) shall take effect upon the 
date of the enactment of this Act. 
SEC. 111. AMENDMENTS RELATED TO TITLE XI. 
(a) AMENDMENT RELATED TO SECTION 1104.—Sec-
tion 1104(d)(1) of the 2006 Act is amended by striking 
‘‘Act’’ the first place it appears and inserting ‘‘section’’. 
(b) AMENDMENTS RELATED TO SECTION 1105.— 
Section 3304(a) of the 1986 Code is amended— 
(1) in paragraph (15)— 
(A) by redesignating clauses (i) and (ii) of 
subparagraph (A) as subclauses (I) and (II), 
(B) by redesignating subparagraphs (A) 
and (B) as clauses (i) and (ii), 
(C) by striking the semicolon at the end of 
clause (ii) (as so redesignated) and inserting ‘‘, 
and’’, 
(D) by striking ‘‘(15)’’ and inserting 
‘‘(15)(A) subject to subparagraph (B),’’, and 
(E) by adding at the end the following: 
‘‘(B) the amount of compensation shall not 
be reduced on account of any payments of gov-
ernmental or other pensions, retirement or re-
(B) 
EXCEPTION.—An 
airline 
payment 
amount shall not include any amount payable 
on the basis of the carrier’s future earnings or 
profits. 
(2) QUALIFIED AIRLINE EMPLOYEE.—The term 
‘‘qualified airline employee’’ means an employee or 
former employee of a commercial passenger airline 
carrier who was a participant in a defined benefit 
plan maintained by the carrier which— 
(A) is a plan described in section 401(a) of 
the Internal Revenue Code of 1986 which in-
cludes a trust exempt from tax under section 
501(a) of such Code, and 
(B) was terminated or became subject to 
the restrictions contained in paragraphs (2) and 
(3) of section 402(b) of the Pension Protection 
Act of 2006. 
(3) REPORTING REQUIREMENTS.—If a commer-
cial passenger airline carrier pays 1 or more airline 
payment amounts, the carrier shall, within 90 days 
of such payment (or, if later, within 90 days of the 
date of the enactment of this Act), report— 
(A) to the Secretary of the Treasury, the 
names of the qualified airline employees to 
whom such amounts were paid, and