A bill to amend title IV of the Employee Retirement Income Security Act of 1974 to postpone, for 2 years, the date on which the corporation first begins paying benefits under terminated multiemployer plans.
PL 95-214 (H.R.9378), enacted 12/19/1977

PUBLIC LAW 95-214^DEC. 19, 1977 
91 STAT. 1501 
Public Law 95-214 
95th Congress 
An Act 
To amend title IV of the Employee Retirement Income Security Act of 1974 to 
postpone, for two years, the date on which the corporation first begins paying 
benefits under terminated multiemployer plans. 
Be it enacted hy the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) section 
4082(c) of the Employee Ketirement Income Security Act of 1974 
(relating to effective dates; special rules) is amended— 
(1) by striking "January 1,1978" in paragraph (1) and substi-
tuting "July 1,1979"; 
(2) by striking "January 1, 1978" in paragraph (2) and sub-
stituting "July 1,1979"; 
(3) by striking "December 31, 1977" in paragraph (2) (B) and 
substituting "June 30,1979"; 
(4) by striking "January 1,1978" in paragraph (4) and substi-
tuting "July 1,1979"; 
(5) by striking "December 31, 1977" in paragraph (4) (D) and 
substituting "June 30,1979". 
(b) Section 4082 of such Act is amended by adding at the end thereof 
the following new subsections: 
"(d) The corporation shall present to the Committee on Education 
and Labor of the House of Representatives and the Committee on 
Human Resources and the Committee on Finance of the Senate a 
report which comprehensively addresses the anticipated financial con-
dition of the program relating to mandatory coverage of multiemployer 
plans, including possible events which might cause the corporation to 
experience serious financial difficulty after July 1, 1979. Such report 
shall include an explanation of any alternative courses of action which 
might be taken by the corporation to insure proper coverage of multi-
employer plans and the proper financing of the program relating to 
such plans. If the report contains recommendations for amendments to 
this title, such recommendations shall be fully explained, and shall be 
accompanied by explanations of other options for legislative change 
considered and rejected by the corporation. The report shall be pre-
sented by July 1,1978. 
Dec. 19. 1977 
[H.R. 9378] 
Employee 
Retirement 
Income Security 
Act of 1974, 
amendment. 
29 u s e 1381. 
Report to 
congressional 
committees. 
91 STAT. 1502 
PUBLIC LAW 95-214—DEC. 19, 1977 
29 use 1301. 
"(e) Notwithstanding any provision of title IV of this Act to the 
contrary, the annual insurance premium payable to the Pension Bene-
fit Guaranty Corporation for coverage of basic benefits guaranteed 
29 use 1322. 
under section 4022 of this Act by plans that are not multiemployer 
Effective date. 
plans shall be $2.60 for each participant in the plan. This subsection 
shall be effective for plan years beginning on or after January 1,1978, 
and the premium prescribed by this subsection shall be deemed to be 
the rate imposed by title IV oi this Act for non-multiemployer plans 
until the rate schedule for such plans is revised pursuant to the proce-
29 use 1306. 
dure set out in section 4006 of this Act.". 
Approved December 19, 1977. 
LEGISLATIVE HISTORY: 
HOUSE REPORT No. 95-706 (eomm. on Education and Labor). 
SENATE REPORT No. 95-570 accompanying S. 2125 (eomm. on Human Resources 
and eomm. on Finance). 
eONGRESSIONAL REeORD, Vol. 123 (1977): 
Nov. 1, considered and passed House. 
Nov. 3, considered and passed Senate, amended. 
Dec. 7, House agreed tQ Senate amendments.