94 STAT. 1208
PUBLIC LAW 96-364—SEPT. 26, 1980
Public Law 96-364 96th Congress An Act Sept. 26, 1980 [H.R. 3904]
Multiemployer Pension Plan Amendments Act of 1980. 29 USC 1001 note.
To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to improve retirement income security under private multiemployer pension plans by strengthening the funding requirements for those plans, to authorize plan preservation measures for financially troubled multiemployer pension plans, and to revise the manner in which the pension plan termination insurance provisions apply to multiemployer plans, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE.
This Act may be cited as the "Multiemployer Pension Plan Amendments Act of 1980". SEC. 2. TABLE OP" CONTENTS.
The table of contents is as follows: TABLE OF CONTENTS
Sec. 1. Short title. Sec. 2. Table of contents. Sec. 3. Findings and declaration of policy.
TITLE I-AMENDMENTS TO TITLE IV OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 Sec. Sec. Sec. Sec.
101. 102. 103. 104.
Sec. Sec. Sec. Sec.
105. 106. 107. 108.
Amendment of the Employee Retirement Income Security Act of 1974. Multiemployer guarantees; aggregate limit on guarantees. Termination for multiemployer plans. Employer withdrawals; merger or transfer of plan assets or liabilities; reorganization; minimum contribution requirement for multiemployer plans; financial assistance; benefits after termination; enforcement. Premiums. Annual report of plan administrator. Contingent employer liability insurance. Transition rules and effective dates.
TITLE II-AMENDMENTS TO THE INTERNAL REVENUE CODE OF 1954 Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.
201. 202. 203. 204. 205. 206. 207. 208. 209. 210.
Amendment of the Internal Revenue Code of 1954. Multiemployer plans in reorganization. Minimum funding requirements. Excise taxes. Deductibility of employer liability payments. Minimum vesting requirements. Definition of multiemployer plan. Related technical amendments. Withdrawal liability payments funds. Effective date.
TITLE III- -AMENDMENTS TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 Sec. 301. Amendment of the Employee Retirement Income Security Act of 1974. Sec. 302. Definition of multiemployer plan. Sec. 303. Minimum vesting requirements.
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