Source: https://www.ecfr.gov/cgi-bin/text-idx?mc=true&node=pt29.9.4207&rgn=div5
Timestamp: 2020-03-29 06:59:17
Document Index: 515994411

Matched Legal Cases: ['art 4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207', '§4207']

Title 29 → Subtitle B → Chapter XL → Subchapter I → Part 4207
§4207.1 Purpose and scope.
§4207.2 Definitions.
§4207.3 Abatement.
§4207.4 Withdrawal liability payments during pendency of abatement determination.
§4207.5 Requirements for abatement.
§4207.6 Partial withdrawals after reentry.
§4207.7 Liability for subsequent complete withdrawals and related adjustments for allocating unfunded vested benefits.
§4207.8 Liability for subsequent partial withdrawals.
§4207.9 Special rules.
§4207.10 Plan rules for abatement.
§4207.11 Method of filing; method and date of issuance.
(4) The employer shall be treated as a new employer for purposes of any future application of the withdrawal liability rules in sections 4201-4225 of title IV of ERISA with respect to its participation in the plan after its reentry into the plan, except that in plans using the “direct attribution” method (section 4211(c)(4) of ERISA), the nonforfeitable benefits attributable to service with the employer shall include nonforfeitable benefits attributable to service prior to reentry that were not nonforfeitable at that time.
(a) General. When an eligible employer that has had its liability for a complete withdrawal abated under this part completely withdraws from the plan, the employer's liability for that subsequent withdrawal shall be determined in accordance with the rules in sections 4201-4225 of title IV, as modified by the rules in this section, and section 108 of the Multiemployer Act. In the case of a combination described in §4207.9(d), the modifications described in this section shall be applied only with respect to that portion of the eligible employer that had previously withdrawn from the plan. In the case of a combination described in §4207.9(e), the modifications shall be applied separately with respect to each previously withdrawn employer that comprises the eligible employer. In addition, when a plan has abated the liability of a reentered employer, if the plan uses either the “presumptive” or the “direct attribution” method (section 4211(b) or (c)(4), respectively) for allocating unfunded vested benefits, the plan shall modify those allocation methods as described in this section in allocating unfunded vested benefits to any employer that withdraws from the plan after the reentry.
(a) General. When an eligible employer that has had its liability for a complete withdrawal abated under this part partially withdraws from the plan, the employer's liability for that subsequent partial withdrawal shall be determined in accordance with the rules in sections 4201-4225 of ERISA, as modified by the rules in §4207.7 (b) through (g) of this part and the rules in this section, and section 108 of the Multiemployer Act.
(1) Definition of “3-year testing period.” For purposes of sections 4206(a) and 4219(c)(1) of ERISA, and paragraphs (b)(2)-(b)(4) of this section, the term “3-year testing period” means the period consisting of the plan year for which the determination is made and the two immediately preceding plan years, excluding any plan year during the period of withdrawal.
(c) Employer with multiple complete withdrawals that has not reentered the plan as of the effective date of this part. If an eligible employer has completely withdrawn from a multiemployer plan on two or more occasions between September 26, 1980, and the effective date of this part and is not performing covered work under the plan on the effective date of this regulation, the rules in this part shall apply, subject to the modifications specified in paragraphs (b)(1)-(b)(3) of this section, upon the employer's reentry into the plan.
(Approved by the Office of Management and Budget under control number 1212-0044)