108 STAT. 5026 PUBLIC LAW 103-465—DEC. 8, 1994 (3) AMENDMENT TO DEFICIT REDUCTION CONTRIBUTION. — 29 USC 1082. Paragraph (2) of section 302(d) of such Act is amended— (A) by striking "plus" at the end of subparagraph (A); (B) by striking the period at the end of subparagraph (B) and inserting ", plus"; and (C) by adding at the end the following new subparagraph: "(C) the expected increase in current Habihty due to benefits accruing during the plan year." (4) INCREASE IN CURRENT LIABILITY DUE TO CHANGE IN REQUIRED ASSUMPTIONS. — (A) Paragraph (3) of section 302(d) of such Act is amended by adding at the end the following new subparagraphs: "(D) SPECIAL RULE FOR REQUIRED CHANGES IN ACTUAR- IAL ASSUMPTIONS. — "(i) IN GENERAL.— The unfunded old Uability Eunount with respect to any plan for any plan year shall be increaseci by the amount necessary to amortize the amount of additional unfunded old liability under the plan in equal annual installments over a period of 12 plan years (beginning with the first plan year beginning after December 31, 1994). "(ii) ADDITIONAL UNFUNDED OLD LIABILITY. —For purposes of clause (i), the term 'additional unfunded old liabihty' means the amotmt (if any) by which— "(I) the current habihty of the plan as of the beginning of the first plan year beginning after December 31, 1994, valued using the assumptions required by paragraph (7)(C) as in effect for plan years beginmng after December 31, 1994, exceeds "(II) the current habihty of the plan as of the beginning of such firet plan year, valued using the same assumptions used under subclause (1) (other than the assumptions required by paragraph (7)(C)), usinjg the prior interest rate, and using such mortality assumptions as were used to determine current habihty for the first plan year beginning after December 31, 1992. (iii) PRIOR INTEREST RATE. —For purposes of clause (ii), the term *prior interest rate' means the rate of interest that is the same percentage of the weighted average under subsection (b)(5)(B)Tii)(I) for the first plan year beginning after December 31, 1994, as the rate of interest used by the plan to determine current habihty for the first plan year beginning after December 31, 1992, is of me weighted average under subsection (b)(5)(B)(u)(I) for such first plan year beginning after December 31, 1992. "(E) OPTIONAL RULE FOR ADDITIONAL UNFUNDED OLD LIABILITY. — "(i) IN GENERAL. — If an employer makes an election under clause (u), the additional unfunded old habihty for purposes of subparagraph (D) shall be the amount (if any) Dy which— "(I) the unfunded current habihty of the plan as of the beginning of the first plan year beginning
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