102 STAT. 3460 26 USC 415 note.
PUBLIC LAW 100-647—NOV. 10, 1988 (5) Paragraph (4) of section 1106(i) of the Reform Act is amended by striking the period at the end thereof and inserting in lieu thereof "(determined as if the amendments made by this section were in effect for such year).". (6) Section 415(b)(5)(B) of the 1986 Code is amended by inserting "and subsection (e)" after "paragraphs (I)(B) and (4). (7) Subparagraph (A) of section 415(c)(6) of the 1986 Code is amended— (A) by striking out "paragraph (c)(l)(A) (as adjusted for such year pursuant to subsection (d)(D)", and inserting in lieu thereof "paragraph (I)(A)"; and (B) by striking out "paragraph (c)(l)(A) (as so adjusted)" and inserting in Heu thereof "paragraph (1)(A)". (8) Sections 414(q)(l)(D) and 416(i)(l)(A)(i) of the 1986 Code are each amended by striking out "150 percent of the amount in effect under section 415(c)(l)(A)" and inserting in Heu thereof "50 percent of the amount in effect under section 415(b)(l)(A)". (e) AMENDMENTS RELATED TO SECTION 1107 OF THE REFORM ACT.—
(1) Section 457(c)(2) of the 1986 Code is amended by striking out "and paragraphs (2) and (3) of subsection (b)". (2) Section 457(d)(l)(A) of the 1986 Code (relating to distribution requirements) is amended to read as follows: (A) under the plan amounts will not be made available to participants or beneficiaries earlier than— "(i) the calendar year in which the participant attains age 70 y2, "(ii) when the participant is separated from service with the employer, or "(iii) when the participant is faced with an unforeseeable emergency (determined in the manner prescribed by the Secretary in regulations)." (3) Paragraph (7) of section 401(k) of the 1986 Code (defining rural electric cooperative plan) is amended to read as follows: "(7) RURAL ELECTRIC COOPERATIVE PLAN.—For purposes of this subsection— "(A) IN GENERAL.—The term 'rural electric cooperative plan' means any pension plan— "(i) which is a defined contribution plan (as defined in section 414(i)), and "(ii) which is established and maintained by a rural electric cooperative. "(B)
RURAL ELECTRIC COOPERATIVE DEFINED.—For
pur-
p>oses of subparagraph (A), the term 'rural electric cooperative' means— "(i) any organization which— "(I) is exempt from tax under this subtitle or which is a State or local government or political subdivision thereof (or agency or instrumentality thereof), and "(II) is engaged primarily in providing electric service on a mutual or cooperative basis, "(ii) any organization described in paragraph (4) or (6) of section 501(c) and at least 80 percent of the members of which are organizations described in clause (i), and "(iii) an organization which is a national association of organizations described in clause (i) or (ii)."
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