PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 5013 "(I) The full-funding limitation under subsection (c)(7) for the plan was zero. "(II) The plan had no additional funding requirement under this subsection (or would have had no such requirement if its funded current Uabliity percentage had been determined under subparagraph (O). "(IID The plan's additional funding requirement under this subsection did not exceed the lesser of 0.5 percent of current hability or $5,000,000. "(ii) SPECIAL RULE FOR 1995 AND 1996. —For purposes of determining whether subparagraph (B) apphes to any plan year beginning in 1995 or 1996, a plan shall be treated as meeting the requirements of subparagraph (B)(ii) if the plan met the requirements of clause (i) of this subparagraph for any two of the plan years beginning in 1992, 1993, and 1994 (whether or not consecutive)." (2) RELATIONSHIP OF ADDITIONAL FUNDING REQUIREMENT TO FUNDING STANDARD ACCOUNT CHARGES AND CREDITS.— (A) Clause (ii) of section 412(1)(1)(A) is amended to 26 USC 412. read as follows: "(ii) the sum of the charges for such plan year ^^ under subsection (b)(2), reduced by the sum of the credits for such plan year under subparagraph (B) of subsection (b)(3), plus. (B) The last sentence in section 412(1)(1) of such Code is amended to read as follows: "Such increase shall not exceed the amount which, after taking into account cheirges (other than the additional charge under this subsection) and credits under subsection (b), is necessary to increase the funded current Uability percentage (taking into account the expected increase in current liabiHty due to benefits accruing during the plan year) to 100 percent" (3) AMENDMENT TO DEFICIT REDUCTION CONTRIBUTION. — Paragraph (2) of section 412(1) is amended— (A) by striking "plus" at the end of subparagraph (A); (B) by strikijig 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 Uability due to benefits accruing during the plan year." (4) INCREASE IN CURRENT LL^^ILITY DUE TO CHANGE IN REQUIRED ASSUMPTIONS. — (A) Paragraph (3) of section 412(1) is amended by adding at the end the following new subparagraphs: "(D) SPECLM. RULE FOR REQUIRED CHANGES IN ACTUAR- IAL ASSUMPTIONS. — "(i) IN GENERAL.— The unfunded old Uability amount with respect to any plan for any plan year shall be increased 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).
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