Source: https://uscode.house.gov/view.xhtml?path=&req=granuleid%3AUSC-prelim-title29-section1391&f=&fq=&num=0&hl=false&edition=prelim
Timestamp: 2020-05-30 03:44:14
Document Index: 195870628

Matched Legal Cases: ['art 1', '§ 1391', '§4211', '§104', '§558', '§7891', '§204', '§558']

[USC02] 29 USC 1391: Methods for computing withdrawal liability
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29 USC 1391: Methods for computing withdrawal liability Text contains those laws in effect on May 28, 2020
(1) Except as provided in subsections (c) and (d), the amount of unfunded vested benefits allocable to an employer that withdraws is the sum of-
(2)(A) An employer's proportional share of the unamortized amount of the change in the plan's unfunded vested benefits for plan years ending after September 25, 1980, is the sum of the employer's proportional shares of the unamortized amount of the change in unfunded vested benefits for each plan year in which the employer has an obligation to contribute under the plan ending-
(B) The change in a plan's unfunded vested benefits for a plan year is the amount by which-
(E) An employer's proportional share of the unamortized amount of a change in unfunded vested benefits is the product of-
(3) An employer's proportional share of the unamortized amount of the plan's unfunded vested benefits for the last plan year ending before September 26, 1980, is the product of-
(A) such unamortized amount; multiplied by-
(ii) the denominator of which is the sum of all contributions made for the most recent 5 plan years ending before September 26, 1980, by all employers-
(B) Except as otherwise provided in regulations prescribed by the corporation, the reallocated unfunded vested benefits for a plan year is the sum of-
(D) An employer's proportional share of the unamortized amount of the reallocated unfunded vested benefits with respect to a plan year is the product of-
(B) The amount determined under this subparagraph is the product of-
(C) The amount determined under this subparagraph is the product of-
(3) The amount of the unfunded vested benefits allocable to an employer under this paragraph is the product of-
(4)(A) The amount of the unfunded vested benefits allocable to an employer under this paragraph is equal to the sum of-
(C) The value of plan assets determined under this subparagraph is the value of plan assets allocated to nonforfeitable benefits which are attributable to service with the employers who have an obligation to contribute under the plan in the plan year preceding the plan year in which the employer withdraws, which is determined by multiplying-
(i) by multiplying the value of plan assets determined under subparagraph (C) by a fraction-
(ii) by multiplying the value of plan assets determined under subparagraph (C) by a fraction-
(iii) by multiplying the value of plan assets under subparagraph (C) by a fraction-
(E) The amount of the plan's unfunded vested benefits for a plan year preceding the plan year in which an employer withdraws, which is not attributable to service with employers who have an obligation to contribute under the plan in the plan year preceding the plan year in which such employer withdraws, is equal to-
(ii) an amount equal to-
(E) Fresh start option.-Notwithstanding paragraph (1), a plan may be amended to provide that the withdrawal liability method described in subsection (b) shall be applied by substituting the plan year which is specified in the amendment and for which the plan has no unfunded vested benefits for the plan year ending before September 26, 1980.
(Pub. L. 93–406, title IV, §4211, as added Pub. L. 96–364, title I, §104(2), Sept. 26, 1980, 94 Stat. 1226 ; amended Pub. L. 98–369, div. A, title V, §558(b)(1)(A), (B), July 18, 1984, 98 Stat. 899 ; Pub. L. 101–239, title VII, §7891(a)(1), Dec. 19, 1989, 103 Stat. 2445 ; Pub. L. 109–280, title II, §204(c)(2), Aug. 17, 2006, 120 Stat. 887 .)
2006-Subsec. (c)(5)(E). Pub. L. 109–280 added subpar. (E).
1989-Subsec. (d)(1). Pub. L. 101–239 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text.
1984-Subsec. (b). Pub. L. 98–369, §558(b)(1)(A), (B), substituted "September 25, 1980" for "April 28, 1980" in pars. (1)(A) and (2)(A), (B)(ii)(II), and "September 26, 1980" for "April 29, 1980" in pars. (1)(B) and (2)(B)(ii)(I), (D), and in par. (3) in provisions preceding subpar. (A) and in subpar. (B)(i), (ii).