108 STAT. 5018 PUBLIC LAW 103-465—DEC. 8, 1994 essary to increase the funded current liability percentage (taking into account the expected increase in current liabihty due to benefits accruing dming the plan year) for the applicable plan year to a percentage equal to the sum of the initial Ainded current liability percentage of the plan plus the appHcable number of percentage points for such applicable plan year.
- (B) APPLICABLE NUMBER OF PERCENTAGE POINTS.—
"(i) INITIAL FUNDED CURRENT LIABILITY PERCENT- AGE OF 75 PERCENT OR LESS. — Except as provided in clause (ii), for plans with an initial funded current UabOity percentage of 75 percent or less, the applicable number of percentage points for the applicable plan year is: "In the case The applicable of applicable number of Elan years percentage eginning in: points is: 1995 3 1996 6 1997 9 1998 12 1999 15 2000 19 2001 24. "(ii) OTHER CASES.— In the case of a plan to which this clause applies, the applicable number of percentage points for any such applicable plan year is the sum of— "(I) 2 percentage points; "(II) the applicable number of percentage points (if any) under this clause for the preceding applicable plan year, "(III) the product of.10 multiplied by the excess (if any) of (a) 85 percentage points over (b) the sum of the initial funded current UabOity percentage and the number determined under subclause (II); "(IV) for applicable plan years beginning in 2000,1 percentage point; and " (V) for applicable plan years beginning in 2001, 2 percentage points, "(in) PLANS TO WHICH CLAUSE (U) APPLIES.— "(I) IN GENERAL. — Clause (ii) shall apply to a plan for an applicable plan year if the initial funded current liability percentage of such plan is more than 75 percent "(II) PLANS INITIALLY UNDER CLAUSE (i).— In the case of a plan which (but for this subclause) has an initial funded current Uability percentage of 75 percent or less, clause (u) (and not clause (i)) shall apply to such plan with respect to applicable plan years beginning after the first applicable plan year for which the sum of the initial funded current Uability percentage and the applicable niunber of percentage points (determined under clause (i)) exceeds 75 percent For purposes of applying clause (ii) to such a plan.
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