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Code · BILL · 113th Congress · S. 1979 (Introduced in Senate) — To provide for USA Retirement Funds, to reform the pension system, and for other purposes. · Sec. 304

Sec. 304. Alternative funding target attainment percentage determined without regard to reduction for credit balances

181 words·~1 min read·/bill/113/s/1979/is/section-304

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Section 206(g) of Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1056(g) ) is amended— in paragraph (5), by striking subparagraph (C); and in paragraph (9)— in subparagraph (B)— by striking the period at the end and inserting ; and ; by striking under subparagraph
(A)by increasing and inserting the following: under subparagraph (A)— by increasing ; and by adding at the end the following: without regard to the reduction under section 303(f)(4)(B). ; and by striking subparagraphs
(C)and (D). Section 436 of the Internal Revenue Code of 1986 is amended— in subsection (f), by striking paragraph (3); and in subsection (j)— in paragraph (2)— by striking the period at the end and inserting , and ; and by striking under paragraph
(1)by increasing and inserting the following: under subparagraph (A)— by increasing ; and by adding at the end the following: without regard to the reduction under section 430(f)(4)(B). ; and by striking the first and second paragraph (3). The amendments made by this section shall apply to plan years beginning after December 31, 2014.
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Sec. 304
Alternative funding target attainment percentage determined without regard to reduction for credit balances
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