PUBLIC LAW 101-239—DEC. 19, 1989 103 STAT. 2485 (1) Section 411(b)(2) of the Internal Revenue Code of 1986 and section 204(b)(2) of ERISA are each amended by striking subparagraph (B) and by redesignating subparagraphs (C) and (D) as subparagraphs (B) and (C), respectively. (2) Section 411(b)(2)(C), as redesignated by paragraph (1), is amended by striking "subparagraph" and inserting "para- graph". (3) Section 204(b)(2)(C) of ERISA, as redesignated by para- graph (1), is amended by striking "(C) and (D)" and inserting ^'(B)and(C)". (4) The amendments made by this subsection shall take effect as if included in the amendments made by section 9202 of the Omnibus Budget Reconciliation Act of 1986. (b) AMENDMENTS RELATED TO SECTION 9203 OF THE ACT.— (1) Section 411(a)(8)(B) is amended to read as follows: "(B) the later of— "(i) the time a plan participant attains age 65, or
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"(ii) the 5th anniversary of the time a plan partici- pant commenced participation in the plan.' (2) Section 3(24XB) of ERISA is amended to read as follows: "(B) the later of— "(i) the time a plan participant attains age 65, or "(ii) the 5th anniversary of the time a plan participant commenced participation in the plan." (3) The amendments made by this subsection shall take effect as if included in the amendments made by section 9203 of the Omnibus Budget Reconciliation Act of 1986. (c) AMENDMENT RELATING TO SECTION 9501.— Section 602(2)(A)(iii) of ERISA is amended by hiserting "section" before "603(6)". Subpart C—Amendments Related to Pension Protection Act 26 USC 411; 29 use 1054. Effective date. 26 USC 411 note. 29 USC 1002. Effective date. 26 USC 411 note. 29 USC 1162. SEC. 7881. AMENDMENTS RELATED TO PENSION PROTECTION ACT. (a) AMENDMENTS RELATED TO SECTION 9303.— (I)(A) Subclause (II) of section 412(l)(3)(C)(ii) is amended by inserting "(but not below zero)" after "reducing". (B) Subclause QI) of section 302(d)(3)(C)(ii) of ERISA is amended by inserting "(but not below zero)" after "reducing". (2)(A) Clause (i) of section 412(1)(4)(B) is amended by inserting "and the unamortized portion of the unfunded existing benefit increase liability" after "liability". (B) Clause (i) of section 302(d)(4)(B) of ERISA is amended by inserting "and the unamortized portion of the unfunded exist- ing benefit increase liability" after "liability". (3)(A) Section 412(1)(5)(0 is amended by striking "October 17, 1987" and inserting "the first plan year beginning after Decem- ber 31, 1988". (B) Section 302(d)(5)(C) of ERISA is amended by striking "October 17, 1987" and inserting "the first plan year beginning after December 31, 1988". (4)(A) Section 412(1)(7)(D) is amended— (i) by striking "and" at the end of clause (iiiXD, by striking the period at the end of clause (iiiXII) and inserting ", and, and by adding at the end of clause (iii) the following new subclause: 26 USC 412. 29 USC 1082.
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