Source: http://www.law.cornell.edu/uscode/text/29/1422?quicktabs_8=4
Timestamp: 2013-12-11 08:24:51
Document Index: 473893486

Matched Legal Cases: ['§ 1422', 'art 3', '§ 1422', '§ 1422', '§ 4242', '§ 104']

29 USC § 1422 - Notice of reorganization and funding requirements | Title 29 - Labor | U.S. Code | LII / Legal Information Institute
USC › Title 29 › Chapter 18 › Subchapter III › Subtitle E › Part 3 › § 1422	prevnext
29 USC § 1422 - Notice of reorganization and funding requirements
a multiemployer plan is in reorganization for a plan year, and
section 1423 of this title would require an increase in contributions for such plan year,
the plan sponsor shall notify the persons described in paragraph (2) that the plan is in reorganization and that, if contributions to the plan are not increased, accrued benefits under the plan may be reduced or an excise tax may be imposed (or both such reduction and imposition may occur).
The persons described in this paragraph are—
each employer who has an obligation to contribute under the plan (within the meaning of section 1381
(h)(5) of this title), and
The determination under paragraph (1)(B) shall be made without regard to the overburden credit provided by section 1424 of this title.
The corporation may prescribe additional or alternative requirements for assuring, in the case of a plan with respect to which notice is required by subsection (a)(1) of this section, that the persons described in subsection (a)(2) of this section—
receive appropriate notice that the plan is in reorganization,
are adequately informed of the implications of reorganization status, and
have reasonable access to information relevant to the plan’s reorganization status.
(Pub. L. 93–406, title IV, § 4242, as added Pub. L. 96–364, title I, § 104(2),Sept. 26, 1980, 94 Stat. 1251.)