US Code

Public Law 119-73 (01/23/2026)

29 U.S.C. § 1306

Premium rates

(a)

Schedules for premium rates and bases for application; establishment, coverage, etc.

(1)
section 1322 of this titlesection 1322a of this title The corporation shall prescribe such schedules of premium rates and bases for the application of those rates as may be necessary to provide sufficient revenue to the fund for the corporation to carry out its functions under this subchapter. The premium rates charged by the corporation for any period shall be uniform for all plans, other than multiemployer plans, insured by the corporation with respect to basic benefits guaranteed by it under , and shall be uniform for all multiemployer plans with respect to basic benefits guaranteed by it under .
(2)
The corporation shall maintain separate schedules of premium rates, and bases for the application of those rates, for—
(A)
section 1322 of this title basic benefits guaranteed by it under for single-employer plans,
(B)
section 1322a of this title basic benefits guaranteed by it under for multiemployer plans,
(C)
section 1322 of this title nonbasic benefits guaranteed by it under for single-employer plans,
(D)
section 1322a of this title nonbasic benefits guaranteed by it under for multiemployer plans, and
(E)
section 1402 of this title reimbursements of uncollectible withdrawal liability under .
section 1322a(f) of this titleThe corporation may revise such schedules whenever it determines that revised schedules are necessary. Except as provided in , in order to place a revised schedule described in subparagraph (A) or (B) in effect, the corporation shall proceed in accordance with subsection (b)(1), and such schedule shall apply only to plan years beginning more than 30 days after the date on which a joint resolution approving such revised schedule is enacted.
(3)
(A)
Except as provided in subparagraph (C), the annual premium rate payable to the corporation by all plans for basic benefits guaranteed under this subchapter is—
(i)
section 1060(f)(1) of this title in the case of a single-employer plan other than a CSEC plan (as defined in ) an amount for each individual who is a participant in such plan during the plan year equal to the sum of the additional premium (if any) determined under subparagraph (E) and—
(I)
for plan years beginning after , and before , $30;
(II)
for plan years beginning after , and before , $42;
(III)
1
1 So in original.
2
2 So in original. The period probably should be a semicolon.
for plan years beginning after and before ,, $49.
(IV)
for plan years beginning after , and before , $57;
(V)
for plan years beginning after , and before , $64;
(VI)
for plan years beginning after , and before , $69;
(VII)
for plan years beginning after , and before , $74; and
(VIII)
3
3 So in original. The period probably should be a comma.
for plan years beginning after , $80.
(ii)
in the case of a multiemployer plan, for the plan year within which the date of enactment of the Multiemployer Pension Plan Amendments Act of 1980 falls, an amount for each individual who is a participant in such plan for such plan year equal to the sum of—
(I)
50 cents, multiplied by a fraction the numerator of which is the number of months in such year ending on or before such date and the denominator of which is 12, and
(II)
$1.00, multiplied by a fraction equal to 1 minus the fraction determined under clause (i),
(iii)
in the case of a multiemployer plan, for plan years beginning after , and before , an amount equal to—
(I)
$1.40 for each participant, for the first, second, third, and fourth plan years,
(II)
$1.80 for each participant, for the fifth and sixth plan years,
(III)
$2.20 for each participant, for the seventh and eighth plan years, and
(IV)
$2.60 for each participant, for the ninth plan year, and for each succeeding plan year,
(iv)
in the case of a multiemployer plan, for plan years beginning after , and before , $8.00 for each individual who is a participant in such plan during the applicable plan year,
(v)
in the case of a multiemployer plan, for plan years beginning after , and before , $12.00 for each individual who is a participant in such plan during the applicable plan year,
(vi)
1 in the case of a multiemployer plan, for plan years beginning after ,, and before , $26 for each individual who is a participant in such plan during the applicable plan year,
(vii)
section 1060(f)(1) of this title in the case of a CSEC plan (as defined in ), for plan years beginning after , for each individual who is a participant in such plan during the plan year an amount equal to the sum of—
(I)
the additional premium (if any) determined under subparagraph (E), and
(II)
$19, or
(viii)
in the case of a multiemployer plan, for plan years beginning after , $52 for each individual who is a participant in such plan during the applicable plan year.
(B)
The corporation may prescribe by regulation the extent to which the rate described in subparagraph (A)(i) applies more than once for any plan year to an individual participating in more than one plan maintained by the same employer, and the corporation may prescribe regulations under which the rate described in clause (iii) or (iv) of subparagraph (A) will not apply to the same participant in any multiemployer plan more than once for any plan year.
(C)
(i)
If the sum of—
(I)
the amounts in any fund for basic benefits guaranteed for multiemployer plans, and
(II)
the value of any assets held by the corporation for payment of basic benefits guaranteed for multiemployer plans,
is for any calendar year less than 2 times the amount of basic benefits guaranteed by the corporation under this subchapter for multiemployer plans which were paid out of any such fund or assets during the preceding calendar year, the annual premium rates under subparagraph (A) shall be increased to the next highest premium level necessary to insure that such sum will be at least 2 times greater than such amount during the following calendar year.
(ii)
section 1431 of this title If the board of directors of the corporation determines that an increase in the premium rates under subparagraph (A) is necessary to provide assistance to plans which are receiving assistance under and to plans the board finds are reasonably likely to require such assistance, the board may order such increase in the premium rates.
(iii)
The maximum annual premium rate which may be established under this subparagraph is $2.60 for each participant.
(iv)
The provisions of this subparagraph shall not apply if the annual premium rate is increased to a level in excess of $2.60 per participant under any other provisions of this subchapter.
(D)
(i)
Not later than 120 days before the date on which an increase under subparagraph (C)(ii) is to become effective, the corporation shall publish in the Federal Register a notice of the determination described in subparagraph (C)(ii), the basis for the determination, the amount of the increase in the premium, and the anticipated increase in premium income that would result from the increase in the premium rate. The notice shall invite public comment, and shall provide for a public hearing if one is requested. Any such hearing shall be commenced not later than 60 days before the date on which the increase is to become effective.
(ii)
The board of directors shall review the hearing record established under clause (i) and shall, not later than 30 days before the date on which the increase is to become effective, determine (after consideration of the comments received) whether the amount of the increase should be changed and shall publish its determination in the Federal Register.
(E)
(i)
Except as provided in subparagraph (I), the additional premium determined under this subparagraph with respect to any plan for any plan year—
(I)
shall be an amount equal to the amount determined under clause (ii) divided by the number of participants in such plan as of the close of the preceding plan year;
(II)
4
4 So in original. Probably should be followed by a semicolon.
in the case of plan years beginning in a calendar year after 2012 and before 2016, shall not exceed $400  and
(III)
in the case of plan years beginning in a calendar year after 2015, shall not exceed $500.
(ii)
The amount determined under this clause for any plan year shall be an amount equal to the applicable dollar amount under paragraph (8) for each $1,000 (or fraction thereof) of unfunded vested benefits under the plan as of the close of the preceding plan year.
(iii)
Except as provided in clause (v), for purposes of clause (ii), the term “unfunded vested benefits” means, for a plan year, the excess (if any) of—
(I)
section 1083(d) of this title the funding target of the plan as determined under for the plan year by only taking into account vested benefits and by using the interest rate described in clause (iv), over
(II)
the fair market value of plan assets for the plan year which are held by the plan on the valuation date.
(iv)
section 1083(h)(2)(C) of this titlesection 1083(h)(2)(D) of this title The interest rate used in valuing benefits for purposes of subclause (I) of clause (iii) shall be equal to the first, second, or third segment rate for the month preceding the month in which the plan year begins, which would be determined under (notwithstanding any regulations issued by the corporation, determined by not taking into account any adjustment under clause (iv) thereof) if were applied by using the monthly yields for the month preceding the month in which the plan year begins on investment grade corporate bonds with varying maturities and in the top 3 quality levels rather than the average of such yields for a 24-month period.
(v)
section 1060(f)(1) of this title For purposes of clause (ii), in the case of a CSEC plan (as defined in ), the term “unfunded vested benefits” means, for plan years beginning after , the excess (if any) of—
(I)
section 1085a(j)(5)(C) of this title the funding liability of the plan as determined under for the plan year by only taking into account vested benefits, over
(II)
the fair market value of plan assets for the plan year which are held by the plan on the valuation date.
(F)
For each plan year beginning in a calendar year after 2006 and before 2013, there shall be substituted for the premium rate specified in clause (i) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying the premium rate specified in clause (i) of subparagraph (A) by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2004 (2012 in the case of plan years beginning after calendar year 2014); and
(ii)
the premium rate in effect under clause (i) of subparagraph (A) for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(G)
For each plan year beginning in a calendar year after 2019, there shall be substituted for the premium rate specified in clause (i) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying the premium rate specified in clause (i) of subparagraph (A) by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2017; and
(ii)
the premium rate in effect under clause (i) of subparagraph (A) for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(H)
For each plan year beginning in a calendar year after 2006, there shall be substituted for the premium rate specified in clause (iv) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying the premium rate specified in clause (iv) of subparagraph (A) by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2004; and
(ii)
the premium rate in effect under clause (iv) of subparagraph (A) for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(I)
(i)
In the case of an employer who has 25 or fewer employees on the first day of the plan year, the additional premium determined under subparagraph (E) for each participant shall not exceed $5 multiplied by the number of participants in the plan as of the close of the preceding plan year.
(ii)
For purposes of clause (i), whether an employer has 25 or fewer employees on the first day of the plan year is determined by taking into consideration all of the employees of all members of the contributing sponsor’s controlled group. In the case of a plan maintained by two or more contributing sponsors, the employees of all contributing sponsors and their controlled groups shall be aggregated for purposes of determining whether the 25-or-fewer-employees limitation has been satisfied.
(J)
For each plan year beginning in a calendar year after 2013, there shall be substituted for the premium rate specified in clause (v) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying the premium rate specified in clause (v) of subparagraph (A) by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2011; and
(ii)
the premium rate in effect under clause (v) of subparagraph (A) for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(K)
For each plan year beginning in a calendar year after 2013 and before 2016, there shall be substituted for the dollar amount specified in subclause (II) of subparagraph (E)(i) an amount equal to the greater of—
(i)
the product derived by multiplying such dollar amount by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2011; and
(ii)
such dollar amount for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(L)
For each plan year beginning in a calendar year after 2016, there shall be substituted for the dollar amount specified in subclause (III) of subparagraph (E)(i) an amount equal to the greater of—
(i)
the product derived by multiplying such dollar amount by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2014; and
(ii)
such dollar amount for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(M)
For each plan year beginning in a calendar year after 2015, there shall be substituted for the dollar amount specified in clause (vi) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying such dollar amount by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2013; and
(ii)
such dollar amount for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(N)
For each plan year beginning in a calendar year after 2031, there shall be substituted for the dollar amount specified in clause (viii) of subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying such dollar amount by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for 2029; and
(ii)

If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.

such dollar amount for plan years beginning in the preceding calendar year.
(4)
section 1322a(f) of this title The corporation may prescribe, subject to the enactment of a joint resolution in accordance with this section or , alternative schedules of premium rates, and bases for the application of those rates, for basic benefits guaranteed by it under sections 1322 and 1322a of this title based, in whole or in part, on the risks insured by the corporation in each plan.
(5)
(A)
In carrying out its authority under paragraph (1) to establish schedules of premium rates, and bases for the application of those rates, for nonbasic benefits guaranteed under sections 1322 and 1322a of this title the premium rates charged by the corporation for any period for nonbasic benefits guaranteed shall—
(i)
be uniform by category of nonbasic benefits guaranteed,
(ii)
be based on the risks insured in each category, and
(iii)
reflect the experience of the corporation (including experience which may be reasonably anticipated) in guaranteeing such benefits.
(B)
section 1322a(g)(2) of this title Notwithstanding subparagraph (A), premium rates charged to any multiemployer plan by the corporation for any period for supplemental guarantees under may reflect any reasonable considerations which the corporation determines to be appropriate.
(6)
(A)
section 1322 of this title In carrying out its authority under paragraph (1) to establish premium rates and bases for basic benefits guaranteed under with respect to single-employer plans, the corporation shall establish such rates and bases in coverage schedules in accordance with the provisions of this paragraph.
(B)
The corporation may establish annual premiums for single-employer plans composed of the sum of—
(i)
a charge based on a rate applicable to the excess, if any, of the present value of the basic benefits of the plan which are guaranteed over the value of the assets of the plan, not in excess of 0.1 percent, and
(ii)
an additional charge based on a rate applicable to the present value of the basic benefits of the plan which are guaranteed.
The rate for the additional charge referred to in clause (ii) shall be set by the corporation for every year at a level which the corporation estimates will yield total revenue approximately equal to the total revenue to be derived by the corporation from the charges referred to in clause (i) of this subparagraph.
(C)
The corporation may establish annual premiums for single-employer plans based on—
(i)
the number of participants in a plan, but such premium rates shall not exceed the rates described in paragraph (3),
(ii)
unfunded basic benefits guaranteed under this subchapter, but such premium rates shall not exceed the limitations applicable to charges referred to in subparagraph (B)(i), or
(iii)
total guaranteed basic benefits, but such premium rates shall not exceed the rates for additional charges referred to in subparagraph (B)(ii).
If the corporation uses two or more of the rate bases described in this subparagraph, the premium rates shall be designed to produce approximately equal amounts of aggregate premium revenue from each of the rate bases used.
(D)
5
5 So in original. Probably should be preceded by “basic”.
For purposes of this paragraph, the corporation shall by regulation define the terms “value of assets” and “present value of the benefits  of the plan which are guaranteed” in a manner consistent with the purposes of this subchapter and the provisions of this section.
(7)

Premium Rate for Certain Terminated Single-Employer Plans.—

(A)

In general .—

section 1341(c)(2)(B) of this titlesection 1342 of this titleIf there is a termination of a single-employer plan under clause (ii) or (iii) of or , there shall be payable to the corporation, with respect to each applicable 12-month period, a premium at a rate equal to $1,250 multiplied by the number of individuals who were participants in the plan immediately before the termination date. Such premium shall be in addition to any other premium under this section.
(B)

Special rule for plans terminated in bankruptcy reorganization .—

section 1341(c)(2)(B)(ii) of this titlesection 1342 of this titlesection 1341(c)(2)(B)(i) of this titleIn the case of a single-employer plan terminated under or under during pendency of any bankruptcy reorganization proceeding under chapter 11 of title 11 or under any similar law of a State or a political subdivision of a State (or a case described in filed by or against such person has been converted, as of such date, to such a case in which reorganization is sought), subparagraph (A) shall not apply to such plan until the date of the discharge or dismissal of such person in such case.
(C)

Applicable 12-month period .—

For purposes of subparagraph (A)—
(i)

In general .—

The term “applicable 12-month period” means—
(I)
the 12-month period beginning with the first month following the month in which the termination date occurs, and
(II)
each of the first two 12-month periods immediately following the period described in subclause (I).
(ii)

Plans terminated in bankruptcy reorganization .—

In any case in which the requirements of subparagraph (B) are met in connection with the termination of the plan with respect to 1 or more persons described in such subparagraph, the 12-month period described in clause (i)(I) shall be the 12-month period beginning with the first month following the month which includes the earliest date as of which each such person is discharged or dismissed in the case described in such clause in connection with such person.
(D)

Coordination with section 1307.—

(i)
section 1307 of this title Notwithstanding —
(I)
premiums under this paragraph shall be due within 30 days after the beginning of any applicable 12-month period, and
(II)
the designated payor shall be the person who is the contributing sponsor as of immediately before the termination date.
(ii)
section 1307(a) of this title The fifth sentence of shall not apply in connection with premiums determined under this paragraph.
(8)

Applicable dollar amount for variable rate premium .—

For purposes of paragraph (3)(E)(ii)—
(A)

In general .—

Except as provided in subparagraphs (B), (C), and (E), the applicable dollar amount shall be—
(i)
$9 for plan years beginning in a calendar year before 2015;
(ii)
for plan years beginning in calendar year 2015, the amount in effect for plan years beginning in 2014 (determined after application of subparagraph (C));
(iii)
for plan years beginning after calendar year 2015, the amount in effect for plan years beginning in 2015 (determined after application of subparagraph (C));
(iv)
for plan years beginning after calendar year 2016, the amount in effect for plan years beginning in 2016 (determined after application of subparagraph (C));
(v)
for plan years beginning after calendar year 2017, the amount in effect for plan years beginning in 2017 (determined after application of subparagraph (C));
(vi)
for plan years beginning after calendar year 2018, the amount in effect for plan years beginning in 2018 (determined after application of subparagraph (C));
(vii)
for plan years beginning after calendar year 2019, the amount in effect for plan years beginning in 2019 (determined after application of subparagraph (C)); and
(viii)
for plan years beginning after calendar year 2023, $52.
(B)

Adjustment for inflation .—

For each plan year beginning in a calendar year after 2012 and before 2024, there shall be substituted for the applicable dollar amount specified under subparagraph (A) an amount equal to the greater of—
(i)
the product derived by multiplying such applicable dollar amount for plan years beginning in that calendar year by the ratio of—
(I)
section 409(k)(1) of title 42 the national average wage index (as defined in ) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to
(II)
the national average wage index (as so defined) for the base year; and
(ii)
such applicable dollar amount in effect for plan years beginning in the preceding calendar year.
If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.
(C)

Additional increases .—

The applicable dollar amount determined under subparagraph (A) (after the application of subparagraph (B)) shall be increased—
(i)
in the case of plan years beginning in calendar year 2014, by $4;
(ii)
in the case of plan years beginning in calendar year 2015, by $10;
(iii)
in the case of plan years beginning in calendar year 2016, by $5;
(iv)
in the case of plan years beginning in calendar year 2017, by $3;
(v)
in the case of plan years beginning in calendar year 2018, by $4; and
(vi)
in the case of plan years beginning in calendar year 2019, by $4.
(D)

Base year .—

For purposes of subparagraph (B), the base year is—
(i)
2010, in the case of plan years beginning in calendar year 2013 or 2014;
(ii)
2012, in the case of plan years beginning in calendar year 2015;
(iii)
2013, in the case of plan years beginning after calendar year 2015;
(iv)
2014, in the case of plan years beginning after calendar year 2016;
(v)
2015, in the case of plan years beginning after calendar year 2017;
(vi)
2016, in the case of plan years beginning after calendar year 2018; and
(vii)
2017, in the case of plan years beginning after calendar year 2019 and before 2024.
(E)

CSEC plans .—

section 1060(f)(1) of this titleIn the case of a CSEC plan (as defined in ), the applicable dollar amount shall be $9.
(b)

Revised schedule; Congressional procedures applicable

(1)
In order to place a revised schedule (other than a schedule described in subsection (a)(2)(C), (D), or (E)) in effect, the corporation shall transmit the proposed schedule, its proposed effective date, and the reasons for its proposal to the Committee on Ways and Means and the Committee on Education and Labor of the House of Representatives, and to the Committee on Finance and the Committee on Labor and Human Resources of the Senate.
(2)
The succeeding paragraphs of this subsection are enacted by Congress as an exercise of the rulemaking power of the Senate and the House of Representatives, respectively, and as such they shall be deemed a part of the rules of each House, respectively, but applicable only with respect to the procedure to be followed in that House in the case of resolutions described in paragraph (3). They shall supersede other rules only to the extent that they are inconsistent therewith. They are enacted with full recognition of the constitutional right of either House to change the rules (so far as relating to the procedure of that House) at any time, in the same manner and to the same extent as in the case of any rule of that House.
(3)
For the purpose of the succeeding paragraphs of this subsection, “resolution” means only a joint resolution, the matter after the resolving clause of which is as follows: “The proposed revised schedule transmitted to Congress by the Pension Benefit Guaranty Corporation on __ is hereby approved.”, the blank space therein being filled with the date on which the corporation’s message proposing the rate was delivered.
(4)
A resolution shall be referred to the Committee on Ways and Means and the Committee on Education and Labor of the House of Representatives and to the Committee on Finance and the Committee on Labor and Human Resources of the Senate.
(5)
If a committee to which has been referred a resolution has not reported it before the expiration of 10 calendar days after its introduction, it shall then (but not before) be in order to move to discharge the committee from further consideration of that resolution, or to discharge the committee from further consideration of any other resolution with respect to the proposed adjustment which has been referred to the committee. The motion to discharge may be made only by a person favoring the resolution, shall be highly privileged (except that it may not be made after the committee has reported a resolution with respect to the same proposed rate), and debate thereon shall be limited to not more than 1 hour, to be divided equally between those favoring and those opposing the resolution. An amendment to the motion is not in order, and it is not in order to move to reconsider the vote by which the motion is agreed to or disagreed to. If the motion to discharge is agreed to or disagreed to, the motion may not be renewed, nor may another motion to discharge the committee be made with respect to any other resolution with respect to the same proposed rate.
(6)
When a committee has reported, or has been discharged from further consideration of a resolution, it is at any time thereafter in order (even though a previous motion to the same effect has been disagreed to) to move to proceed to the consideration of the resolution. The motion is highly privileged and is not debatable. An amendment to the motion is not in order, and it is not in order to move to reconsider the vote by which the motion is agreed to or disagreed to. Debate on the resolution shall be limited to not more than 10 hours, which shall be divided equally between those favoring and those opposing the resolution. A motion further to limit debate is not debatable. An amendment to, or motion to recommit, the resolution is not in order, and it is not in order to move to reconsider the vote by which the resolution is agreed to or disagreed to.
(7)
Motions to postpone, made with respect to the discharge from committee, or the consideration of, a resolution and motions to proceed to the consideration of other business shall be decided without debate. Appeals from the decisions of the Chair relating to the application of the rules of the Senate or the House of Representatives, as the case may be, to the procedure relating to a resolution shall be decided without debate.
(c)

Rates for plans for basic benefits

(1)
Except as provided in subsection (a)(3), and subject to paragraph (2), the rate for all plans for basic benefits guaranteed under this subchapter with respect to plan years ending after , is—
(A)
in the case of each plan which was not a multiemployer plan in a plan year—
(i)
with respect to each plan year beginning before , an amount equal to $1 for each individual who was a participant in such plan during the plan year,
(ii)
6
6 So in original. The word “and” probably should not appear.
with respect to each plan year beginning after , and before , an amount equal to $2.60 for each individual who was a participant in such plan during the plan year, and 
(iii)
with respect to each plan year beginning after , and before , an amount equal to $8.50 for each individual who was a participant in such plan during the plan year, and
(iv)
with respect to each plan year beginning after , and before , an amount equal to $16 for each individual who was a participant in such plan during the plan year, and
(B)
in the case of each plan which was a multiemployer plan in a plan year, an amount equal to 50 cents for each individual who was a participant in such plan during the plan year.
(2)
The rate applicable under this subsection for the plan year preceding , is the product of—
(A)
the rate described in the preceding sentence; and
(B)
a fraction—
(i)
the numerator of which is the number of calendar months in the plan year which ends after , and before the date on which the new plan year commences, and
(ii)
the denominator of which is 12.

Pub. L. 93–406, title IV, § 400688 Stat. 1010Pub. L. 96–364, title I, § 10594 Stat. 1264Pub. L. 99–272, title XI, § 11005(a)100 Stat. 240–242Pub. L. 100–203, title IX, § 9331(a)101 Stat. 1330–367Pub. L. 101–239, title VII, § 7881(h)103 Stat. 2442Pub. L. 101–508, title XII, § 12021(a)104 Stat. 1388–573Pub. L. 103–465, title VII, § 774(a)(1)108 Stat. 5045Pub. L. 107–147, title IV, § 405(c)116 Stat. 43Pub. L. 108–218, title I, § 101(a)(4)118 Stat. 597Pub. L. 108–311, title IV, § 403(d)118 Stat. 1187Pub. L. 109–171, title VIII, § 8101(a)120 Stat. 180–182Pub. L. 109–280, title III, § 301(a)(3)120 Stat. 919Pub. L. 110–458, title I, § 104(a)122 Stat. 5104Pub. L. 112–141, div. D, title II126 Stat. 849–852Pub. L. 113–67, div. A, title VII, § 703(a)127 Stat. 1190Pub. L. 113–235, div. O, title I, § 131(a)128 Stat. 2796Pub. L. 114–74, title V, § 501(a)129 Stat. 591Pub. L. 116–94, div. O, title II, § 206133 Stat. 3174Pub. L. 117–2, title IX, § 9704(c)135 Stat. 195Pub. L. 117–328, div. T, title III, § 349(a)136 Stat. 5385(, , ; , , ; –(c)(3), , ; , (b), (e), , , 1330–368; , , ; , (b), , ; , (b)(1), (2), , , 5046; , , ; , , ; , , ; –(c), , ; , title IV, §§ 401(a)(1), (b)(1), (2)(A), 405(a), , , 922, 928; , , ; , §§ 40211(b)(3)(C), 40221, 40222, , ; –(d), , , 1191; , , ; –(b)(2), , , 592; , , ; , , ; , (b), , , 5386.)

Editorial Notes

References in Text

Pub. L. 96–364The plan year within which the date of enactment of the Multiemployer Pension Plan Amendments Act of 1980 falls, referred to in subsec. (a)(3)(A)(ii), refers to the plan year within which the date of the enactment of falls, such enactment being approved .

Amendments

Pub. L. 117–328, § 349(b)2022—Subsec. (a)(3)(E)(i). , substituted “subparagraph (I)” for “subparagraph (H)” in introductory provisions.

Pub. L. 117–328, § 349(a)(1)Subsec. (a)(8)(A)(viii). , added cl. (viii).

Pub. L. 117–328, § 349(a)(2)Subsec. (a)(8)(B). , inserted “and before 2024” after “2012” in introductory provisions.

Pub. L. 117–328, § 349(a)(3)Subsec. (a)(8)(D)(vii). , inserted “and before 2024” after “2019”.

Pub. L. 117–2, § 9704(c)(1)(A)2021—Subsec. (a)(3)(A)(vi). , inserted “, and before ” after “,” and struck out “or” at end.

Pub. L. 117–2, § 9704(c)(1)(B)Subsec. (a)(3)(A)(vii). , substituted “, or” for period at end and realigned margins.

Pub. L. 117–2, § 9704(c)(1)(C)Subsec. (a)(3)(A)(viii). , added cl. (viii).

Pub. L. 117–2, § 9704(c)(2)Subsec. (a)(3)(N). , added subpar. (N).

Pub. L. 116–94, § 206(a)(1)section 1060(f)(1) of this title2019—Subsec. (a)(3)(A)(i). , substituted “plan other than a CSEC plan (as defined in )” for “plan,” in introductory provisions.

Pub. L. 116–94, § 206(a)(2)Subsec. (a)(3)(A)(vii). –(4), added cl. (vii).

Pub. L. 116–94, § 206(b)(1)(B)Subsec. (a)(3)(E). , substituted “Except as provided in clause (v), for purposes” for “For purposes” in introductory provisions.

Pub. L. 116–94, § 206(b)(1)(A)Subsec. (a)(3)(E)(v). , added cl. (v).

Pub. L. 116–94, § 206(b)(2)(B)Subsec. (a)(8)(A). , substituted “(B), (C), and (E)” for “(B) and (C)” in introductory provisions.

Pub. L. 116–94, § 206(b)(2)(A)Subsec. (a)(8)(E). , added subpar. (E).

Pub. L. 114–74, § 501(a)(1)2015—Subsec. (a)(3)(A)(i)(VI) to (VIII). , added subcls. (VI) to (VIII).

Pub. L. 114–74, § 501(a)(2)(A)Subsec. (a)(3)(G). , substituted “2019” for “2016” in introductory provisions.

Pub. L. 114–74, § 501(a)(2)(B)Subsec. (a)(3)(G)(i)(II). , substituted “2017” for “2014”.

Pub. L. 114–74, § 501(b)(2)(A)Subsec. (a)(8)(A)(v) to (vii). , added cls. (v) to (vii).

Pub. L. 114–74, § 501(b)(1)(A)Subsec. (a)(8)(C). , substituted “increases” for “increase in 2014 and 2015” in heading.

Pub. L. 114–74, § 501(b)(1)(B)Subsec. (a)(8)(C)(iv) to (vi). –(D), added cls. (iv) to (vi).

Pub. L. 114–74, § 501(b)(2)(B)Subsec. (a)(8)(D)(v) to (vii). , added cls. (v) to (vii).

Pub. L. 113–235, § 131(a)(1)2014—Subsec. (a)(3)(A)(v), (vi). , inserted “and before ,” after “,” in cl. (v) and added cl. (vi).

Pub. L. 113–235, § 131(a)(2)Subsec. (a)(3)(M). , added subpar. (M).

Pub. L. 113–67, § 703(a)(2)2013—Subsec. (a)(3)(A)(i)(III). , inserted “and before ,” after “”.

Pub. L. 113–67, § 703(a)(1)Subsec. (a)(3)(A)(i)(IV), (V). , (3), added subcls. (IV) and (V).

Pub. L. 113–67, § 703(d)(1)(A)Subsec. (a)(3)(E)(i)(I). , struck out “and” at end.

Pub. L. 113–67, § 703(d)(1)(B)Subsec. (a)(3)(E)(i)(II). , inserted “and before 2016” after “2012” and substituted “and” for period at end.

Pub. L. 113–67, § 703(d)(1)(C)Subsec. (a)(3)(E)(i)(III). , added subcl. (III).

Pub. L. 113–67, § 703(b)(2)Subsec. (a)(3)(F). , inserted “and before 2013” after “after 2006” in introductory provisions and struck out “This subparagraph shall not apply to plan years beginning in 2013 or 2014.” at end of concluding provisions.

Pub. L. 113–67, § 703(b)(1)(B)Subsec. (a)(3)(G). , added subpar. (G). Former subpar. (G) redesignated (H).

Pub. L. 113–67, § 703(b)(1)(A)Subsec. (a)(3)(H) to (J). , redesignated subpars. (G) to (I) as (H) to (J), respectively. Former subpar. (J) redesignated (K).

Pub. L. 113–67, § 703(d)(2)(A)Subsec. (a)(3)(K). , inserted “and before 2016” after “2013” in introductory provisions.

Pub. L. 113–67, § 703(b)(1)(A), redesignated subpar. (J) as (K).

Pub. L. 113–67, § 703(d)(2)(B)Subsec. (a)(3)(L). , added subpar. (L).

Pub. L. 113–67, § 703(c)(2)(A)Subsec. (a)(8)(A)(iv). , added cl. (iv).

Pub. L. 113–67, § 703(c)(1)(B)Subsec. (a)(8)(C)(ii). , substituted “$10” for “$5”.

Pub. L. 113–67, § 703(c)(1)Subsec. (a)(8)(C)(iii). , added cl. (iii).

Pub. L. 113–67, § 703(c)(2)(B)Subsec. (a)(8)(D)(iv). , added cl. (iv).

Pub. L. 112–141, § 40221(a)(1)2012—Subsec. (a)(3)(A)(i). , amended cl. (i) generally. Prior to amendment, cl. (i) read as follows: “in the case of a single-employer plan, for plan years beginning after , an amount equal to the sum of $30 plus the additional premium (if any) determined under subparagraph (E) for each individual who is a participant in such plan during the plan year;”.

Pub. L. 112–141, § 40222(a)(1)Subsec. (a)(3)(A)(iv). , inserted “and before ,” after “,”.

Pub. L. 112–141, § 40222(a)(2)Subsec. (a)(3)(A)(v). –(4), added cl. (v).

Pub. L. 112–141, § 40221(b)(3)(A)Subsec. (a)(3)(E)(i). , substituted “for any plan year—” for “for any plan year shall be an amount equal to the amount determined under clause (ii) divided by the number of participants in such plan as of the close of the preceding plan year.” and added subcls. (I) and (II).

Pub. L. 112–141, § 40221(b)(1)Subsec. (a)(3)(E)(ii). , substituted “the applicable dollar amount under paragraph (8)” for “$9.00”.

Pub. L. 112–141, § 40211(b)(3)(C)section 1083(h)(2)(C) of this titlesection 1083(h)(2)(C) of this titleSubsec. (a)(3)(E)(iv). , substituted “ (notwithstanding any regulations issued by the corporation, determined by not taking into account any adjustment under clause (iv) thereof)” for “”.

Pub. L. 112–141, § 40221(a)(2)(B)Subsec. (a)(3)(F). , added at end of concluding provisions “This subparagraph shall not apply to plan years beginning in 2013 or 2014.”

Pub. L. 112–141, § 40221(a)(2)(A)Subsec. (a)(3)(F)(i)(II). , inserted “(2012 in the case of plan years beginning after calendar year 2014)” after “2004”.

Pub. L. 112–141, § 40222(b)Subsec. (a)(3)(I). , added subpar. (I).

Pub. L. 112–141, § 40221(b)(3)(B)Subsec. (a)(3)(J). , added subpar. (J).

Pub. L. 112–141, § 40221(b)(2)Subsec. (a)(8). , added par. (8).

Pub. L. 110–4582008—Subsec. (a)(3)(A)(i). substituted “2005” for “1990”.

Pub. L. 109–171, § 8101(a)(1)(A)2006—Subsec. (a)(3)(A)(i). , substituted “$30” for “$19”.

Pub. L. 109–171, § 8101(a)(2)(A)(i)(I)Subsec. (a)(3)(A)(iii). , inserted “and before ,” after “,” in introductory provisions.

Pub. L. 109–171, § 8101(a)(2)(A)(i)(II)Subsec. (a)(3)(A)(iv). , (ii), added cl. (iv).

Pub. L. 109–171, § 8101(c)Subsec. (a)(3)(B). , substituted “clause (iii) or (iv) of subparagraph (A)” for “subparagraph (A)(iii)”.

Pub. L. 109–280, § 405(a)(1)Subsec. (a)(3)(E)(i). , substituted “Except as provided in subparagraph (H), the additional” for “The additional”.

Pub. L. 109–280, § 401(a)(1)Subsec. (a)(3)(E)(iii). , added cl. (iii) and struck out former cl. (iii), which defined “unfunded vested benefits” for purposes of clause (ii) and set forth provisions relating to the interest rate used in valuing vested benefits, the value of the plan’s assets in the case of any plan year for which the applicable percentage is 100 percent, the applicable percentage in the case of plan years beginning after , and before , and the annual yield taken into account in the case of plan years beginning after , and before .

Pub. L. 109–280, § 301(a)(3)Subsec. (a)(3)(E)(iii)(V). , substituted “2008” for “2006”.

Pub. L. 109–280, § 401(a)(1)section 412(c)(7) of title 26Subsec. (a)(3)(E)(iv). , added cl. (iv) and struck out former cl. (iv) which read as follows: “No premium shall be determined under this subparagraph for any plan year if, as of the close of the preceding plan year, contributions to the plan for the preceding plan year were not less than the full funding limitation for the preceding plan year under .”

Pub. L. 109–171, § 8101(a)(1)(B)Subsec. (a)(3)(F). , added subpar. (F).

Pub. L. 109–171, § 8101(a)(2)(B)Subsec. (a)(3)(G). , added subpar. (G).

Pub. L. 109–280, § 405(a)(2)Subsec. (a)(3)(H). , added subpar. (H).

Pub. L. 109–171, § 8101(b)Subsec. (a)(7). , added par. (7).

Pub. L. 109–280, § 401(b)(2)(A)Subsec. (a)(7)(C)(ii). , substituted “subparagraph (B)” for “subparagraph (B)(i)(I)”.

Pub. L. 109–280, § 401(b)(1)Subsec. (a)(7)(E). , struck out heading and text of subpar. (E). Text read as follows: “Subparagraph (A) shall not apply with respect to any plan terminated after .”

Pub. L. 108–3112004–Subsec. (a)(3)(E)(iii)(IV). , in last sentence, inserted “or this subparagraph” after “this clause” in two places and inserted “(other than sections 1305, 1310, 1311, and 1343 of this title)” after “subsections”.

Pub. L. 108–218Subsec. (a)(3)(E)(iii)(V). added subcl. (V).

Pub. L. 107–1472002—Subsec. (a)(3)(E)(iii)(IV). added subcl. (IV).

Pub. L. 103–465, § 774(b)(1)section 1082(d)(7)(C)(ii)(II) of this title1994—Subsec. (a)(3)(E)(iii). , (2), in subcl. (I), inserted “or (III)” after “subclause (II)”, in subcl. (II), substituted “equal to the applicable percentage” for “equal to 80 percent” and inserted at end “For purposes of this subclause, the applicable percentage is 80 percent for plan years beginning before , 85 percent for plan years beginning after , and before the 1st plan year to which the first tables prescribed under apply, and 100 percent for such 1st plan year and subsequent plan years.”, and added subcl. (III).

Pub. L. 103–465, § 774(a)(1)Subsec. (a)(3)(E)(iv), (v). , redesignated cl. (v) as (iv) and struck out former cl. (iv) which read as follows:

“(iv)(I) Except as provided in this clause, the aggregate increase in the premium payable with respect to any participant by reason of this subparagraph shall not exceed $53.

section 404 of title 26“(II) If an employer made contributions to a plan during 1 or more of the 5 plan years preceding the 1st plan year to which this subparagraph applies in an amount not less than the maximum amount allowable as a deduction with respect to such contributions under , the dollar amount in effect under subclause (I) for the 1st 5 plan years to which this subparagraph applies shall be reduced by $3 for each plan year for which such contributions were made in such amount.”

Pub. L. 101–508, § 12021(a)(1)1990—Subsec. (a)(3)(A)(i). , substituted “for plan years beginning after , an amount equal to the sum of $19” for “for plan years beginning after , an amount equal to the sum of $16”.

Pub. L. 101–508, § 12021(b)(1)Subsec. (a)(3)(E)(ii). , substituted “$9.00” for “$6.00”.

Pub. L. 101–508, § 12021(b)(2)Subsec. (a)(3)(E)(iv)(I). , substituted “$53” for “$34”.

Pub. L. 101–508, § 12021(a)(2)Subsec. (c)(1)(A)(iv). , added cl. (iv).

Pub. L. 101–239, § 7881(h)(1)1989—Subsec. (a)(3)(E)(v). , added cl. (v).

Pub. L. 101–239, § 7881(h)(2)Subsec. (c)(1)(A)(iii). , realigned margin.

Pub. L. 100–203, § 9331(a)1987—Subsec. (a)(3)(A)(i). , substituted “for plan years beginning after , an amount equal to the sum of $16 plus the additional premium (if any) determined under subparagraph (E)” for “for plan years beginning after , an amount equal to $8.50”.

Pub. L. 100–203, § 9331(b)Subsec. (a)(3)(E). , added subpar. (E).

Pub. L. 100–203, § 9331(e)Subsec. (c)(1)(A). , struck out “and” at end of cl. (i), inserted “and before ,” in cl. (ii), and added cl. (iii).

Pub. L. 99–272, § 11005(b)(1)1986—Subsec. (a)(1). , struck out provision that in establishing annual premiums with respect to plans, other than multiemployer plans, pars. (5) and (6) of this subsection, as in effect before , would continue to apply.

Pub. L. 99–272, § 11005(c)(1)Subsec. (a)(2). , substituted “a joint resolution approving such revised schedule is enacted” for “the Congress approves such revised schedule by a concurrent resolution”.

Pub. L. 99–272, § 11005(a)(1)Subsec. (a)(3)(A)(i). , substituted “, an amount equal to $8.50” for “, an amount equal to $2.60”.

Pub. L. 99–272, § 11005(c)(2)Subsec. (a)(4). , substituted “the enactment of a joint resolution” for “approval by the Congress”.

Pub. L. 99–272, § 11005(b)(2)Subsec. (a)(6). , added par. (6).

Pub. L. 99–272, § 11005(c)(3)Subsec. (b)(3). , substituted “joint” for “concurrent” and “The” for “That the Congress favors the” and inserted “is hereby approved”.

Pub. L. 99–272, § 11005(a)(2)Subsec. (c)(1)(A). , amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “in the case of each plan which was not a multiemployer plan in a plan year, an amount equal to $1 for each individual who was a participant in such plan during the plan year, and”.

Pub. L. 96–364, § 105(a)1980—Subsec. (a). , substituted provisions setting forth authority of corporation to prescribe schedules of premium rates and bases for the application of such rates and provisions respecting contents, coverages, alternate schedules, etc., of schedules and application bases, for provisions setting forth authority of corporation to prescribe insurance premium rates and coverage schedules for the application of such rates and provisions respecting contents, coverages, rates, etc., of schedules and premium rates.

Pub. L. 96–364, § 105(b)Subsec. (b). , in par. (1) substituted “(C), (D), or (E)” for “(B) or (C)”, “revised schedule” for “revised coverage schedule”, and “Human Resources” for “Public Welfare”, in par. (3) substituted “revised schedule” for “revised coverage schedule”, and in par. (4) substituted “Human Resources” for “Public Welfare”.

Pub. L. 96–364, § 105(c)Subsec. (c). , added subsec. (c).

Statutory Notes and Related Subsidiaries

Change of Name

Committee on Education and Labor of House of Representatives changed to Committee on Education and the Workforce of House of Representatives by House Resolution No. 5, One Hundred Eighteenth Congress, .

Committee on Labor and Human Resources of Senate changed to Committee on Health, Education, Labor, and Pensions of Senate by Senate Resolution No. 20, One Hundred Sixth Congress, .

Effective Date of 2022 Amendment

Pub. L. 117–328, div. T, title III, § 349(c)136 Stat. 5386

“The amendments made by this section [amending this section] shall take effect on the date of the enactment of this Act [].”
, , , provided that:

Effective Date of 2015 Amendment

Pub. L. 114–74, title V, § 501(b)(3)129 Stat. 593

“The amendments made by this section [amending this section] shall apply to plan years beginning after .”
, , , provided that:

Effective Date of 2014 Amendment

Pub. L. 113–235, div. O, title I, § 131(d)128 Stat. 2798

“The amendments made by subsection (a) [amending this section] shall apply with respect to plan years beginning after .”
, , , provided that:

Effective Date of 2013 Amendment

Pub. L. 113–67, div. A, title VII, § 703(e)127 Stat. 1192

“The amendments made by this section [amending this section] shall apply to plan years beginning after .”
, , , provided that:

Effective Date of 2012 Amendment

section 40211(b)(3)(C) of Pub. L. 112–141section 40211(c) of Pub. L. 112–141section 404 of Title 26Amendment by applicable with respect to plan years beginning after , except as otherwise provided, see , set out as a note under , Internal Revenue Code.

Effective Date of 2008 Amendment

Pub. L. 110–458Pub. L. 109–280section 112 of Pub. L. 110–458section 72 of Title 26Amendment by effective as if included in the provisions of to which the amendment relates, except as otherwise provided, see , set out as a note under , Internal Revenue Code.

Effective Date of 2006 Amendment

Pub. L. 109–280, title IV, § 401(a)(2)120 Stat. 922

“The amendments made by paragraph (1) [amending this section] shall apply with respect to plan years beginning after 2007.”
, , , provided that:

Pub. L. 109–280, title IV, § 401(b)(2)(B)120 Stat. 922

Pub. L. 109–171“The amendment made by this paragraph [amending this section] shall take effect as if included in the provision of the Deficit Reduction Act of 2005 [] to which it relates.”
, , , provided that:

Pub. L. 109–280, title IV, § 405(b)120 Stat. 929

“The amendment made by this section [amending this section] shall apply to plan years beginning after .”
, , , provided that:

Pub. L. 109–171, title VIII, § 8101(d)120 Stat. 182

“(1)

In general .—

Except as otherwise provided in this subsection, the amendments made by this section [amending this section] shall apply to plan years beginning after .
“(2)

Premium rate for certain terminated single-employer plans.—

“(A)

In general .—

Except as provided in subparagraph (B), the amendment made by subsection (b) [amending this section] shall apply to plans terminated after .
“(B)

Special rule for plans terminated in bankruptcy .—

The amendment made by subsection (b) shall not apply to a termination of a single-employer plan that is terminated during the pendency of any bankruptcy reorganization proceeding under chapter 11 of title 11, United States Code (or under any similar law of a State or political subdivision of a State), if the proceeding is pursuant to a bankruptcy filing occurring before .”
, , , provided that:

Effective Date of 2004 Amendments

Pub. L. 108–311Pub. L. 107–147section 403(f) of Pub. L. 108–311section 56 of Title 26Amendment by effective as if included in the provisions of the Job Creation and Worker Assistance Act of 2002, , to which such amendment relates, see , set out as a note under , Internal Revenue Code.

Pub. L. 108–218section 101(d) of Pub. L. 108–218section 404 of Title 26Amendment by applicable, except as otherwise provided, to plan years beginning after , see , set out as a note under , Internal Revenue Code.

Effective Date of 1994 Amendment

Pub. L. 103–465, title VII, § 774(a)(2)108 Stat. 5045

“(A)

In general .—

The amendments made by this subsection [amending this section] shall be effective for plan years beginning on or after .
“(B)

Transition rule .—

In the case of plan years beginning on or after , and before , the additional premium payable with respect to any participant by reason of the amendments made by this section shall not exceed the sum of—
“(i)
$53, and
“(ii)
the product derived by multiplying—
“(I)
the excess (if any) of the amount determined under clause (i) of section 4006(a)(3)(E) of the Employee Retirement Income Security Act of 1974 [subsec. (a)(3)(E) of this section], over $53, by
“(II)
the applicable percentage.
For purposes of this subparagraph, the applicable percentage shall be the percentage specified in the following table:

For the plan year beginning:

The applicable percentage is:

on or after

but before

July 1, 1994

July 1, 1995

20 percent  

July 1, 1995

July 1, 1996

60 percent.”
, , , provided that:

Pub. L. 103–465, title VII, § 774(b)(3)108 Stat. 5046

“The amendments made by this subsection [amending this section] shall apply to plan years beginning after the date of the enactment of this Act [].
, , , provided that:

Effective Date of 1990 Amendment

Pub. L. 101–508, title XII, § 12021(c)104 Stat. 1388–573

“The amendments made by this section [amending this section] shall apply to plan years beginning after .”
, , , provided that:

Effective Date of 1989 Amendment

Pub. L. 101–239Pub. L. 100–203section 7882 of Pub. L. 101–239section 401 of Title 26Amendment by effective, except as otherwise provided, as if included in the provision of the Pension Protection Act, , §§ 9302–9346, to which such amendment relates, see , set out as a note under , Internal Revenue Code.

Effective Date of 1987 Amendment

Pub. L. 100–203section 9331(f)(1) of Pub. L. 100–203section 1305 of this titleAmendment by applicable to plan years beginning after , see , set out as a note under .

Effective Date of 1986 Amendment

Pub. L. 99–272, title XI, § 11005(d)100 Stat. 242

“(1)

General rule .—

section 1322a of this titleExcept as provided in paragraph (2), the amendments made by this section [amending this section and ] shall be effective for plan years commencing after .
“(2)

Special rule .—

The amendments made by subsection (b) [amending this section] shall be effective as of the date of the enactment of the Multiemployer Pension Plan Amendments Act of 1980 [].”
, , , provided that:

Effective Date of 1980 Amendment

Pub. L. 96–364section 1461(e) of this titleAmendment by effective , except as specifically provided, see .

Modification of Transition Rule to Pension Funding Requirements

Pub. L. 109–280section 430 of Title 26For modification of transition rule to pension funding requirements in the case of a plan that was not required to pay a variable rate premium for the plan year beginning in 1996, has not, in any plan year beginning after 1995, merged with another plan (other than a plan sponsored by an employer that was in 1996 within the controlled group of the plan sponsor), and is sponsored by a company that is engaged primarily in the interurban or interstate passenger bus service, see section 115(a)–(c) of , set out as a note under , Internal Revenue Code.

Applicability of This Section to Certain Plans Maintained by Commercial Airlines

section 402 of Pub. L. 109–280section 430 of Title 26For special rules on applicability of this section to certain plans maintained by commercial airlines, see , set out as a note under , Internal Revenue Code.

Transitional Rule

Pub. L. 103–465, title VII, § 774(c)108 Stat. 5046

26 U.S.C. 7701(a)(33)(A)(i)“In the case of a regulated public utility described in section 7701(a)(33)(A)(i) of the Internal Revenue Code of 1986 [], the amendments made by this section [amending this section] shall not apply to plan years beginning before the earlier of—
“(1)
, or
“(2)
the date the regulated public utility begins to collect from utility customers rates that reflect the costs incurred or projected to be incurred for additional premiums under section 4006(a)(3)(E) of the Employee Retirement Income Security Act of 1974 [subsec. (a)(3)(E) of this section] pursuant to final and nonappealable determinations by all public utility commissions (or other authorities having jurisdiction over the rates and terms of service by the regulated public utility) that the costs are just and reasonable and recoverable from customers of the regulated public utility.”
, , , provided that:

Pub. L. 99–272, title XI, § 11005(e)100 Stat. 243

“(1)

Notice of premium increase .—

Not later than 30 days after the date of the enactment of this Act [], the Pension Benefit Guaranty Corporation shall send a notice to the plan administrator of each single-employer plan affected by the premium increase established by the amendment made by subsection (a)(1) [amending this section]. Such notice shall describe such increase and the requirements of this subsection.
“(2)

Due date for unpaid premiums .—

Pub. L. 99–272section 1001 of this titleWith respect to any plan year beginning during the period beginning on , and ending 30 days after the date of the enactment of this Act, any unpaid amount of such premium increase shall be due and payable no later than the earlier of 60 days after the date of the enactment of this Act or 30 days after the date on which the notice required by paragraph (1) is sent, except that in no event shall the amount of the premium increase established under the amendment made by subsection (a)(1) be due and payable for a plan year earlier than the date on which premiums for the plan would have been due for such plan year had this Act [probably means the Single-Employee Pension Plan Amendments Act of 1986, title XI of , see Short Title of 1986 Amendment note set out under ] not been enacted.
“(3)

Enforcement .—

29 U.S.C. 1306For purposes of enforcement, the requirements of paragraphs (1) and (2) shall be considered to be requirements of sections 4006 and 4007 of the Employee Retirement Income Security Act of 1974 ( and 1307).”
, , , provided that:

Single-Employer Pension Plan Termination Insurance Premium Study

Pub. L. 99–272, title XI, § 11017(a)100 Stat. 276, , , directed Pension Benefit Guaranty Corporation to conduct a study of, and submit to an advisory council not later than one year after , a report on the premiums established under the single-employer pension plan termination insurance program under this subchapter, including (1) the long-term stability of the program, (2) alternatives with respect to proposals for changes in the premium levels under such program, (3) methods currently used in projecting future costs, (4) alternative methods of projecting such future costs, (5) methods currently used in determining premiums needed to allocate and adequately fund such future costs, along with any alternative methods of making such premium determinations, and (6) alternative premium bases upon which some or all of such projected future costs would be allocated on an exposure-related or risk-related computation; and further provided for submission of the advisory council’s report to Congress 180 days after submission of the Corporation’s report to the advisory council, as well as the cooperation and consultation with other Federal agencies in compilation of reports.

Studies and Reports Respecting Graduated Premium Rate Schedules and Union Mandated Withdrawals From Multiemployer Pension Plans

Pub. L. 96–364, title IV, § 412(a)94 Stat. 1309, , , directed Pension Benefit Guaranty Corporation to conduct a separate study with respect to advantages and disadvantages of establishing a graduated premium rate schedule under this section which is based on risk, and necessity of adopting special rules in cases of union-mandated withdrawal from multiemployer pension plans, and to report to Congress the results of the studies conducted, including its recommendations with respect thereto.