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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. 314

Sec. 314. Recordkeeping for terminating plans

147 words·~1 min read·/bill/113/s/1979/is/section-314

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Section 4022 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1322 ) is amended by adding at the end the following: The Corporation may issue regulations to require plan sponsors or plan administrators to maintain records necessary to enable the to determine benefits as of the termination date. Such regulations may require plan sponsors or plan administrators to certify to the corporation that such records are being maintained. . Section 4044 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1344 ) is amended by adding at the end the following:
The Corporation may issue regulations to require plan sponsors or plan administrators to maintain records necessary to enable the Corporation to determine benefits as of the termination date. Such regulations may require plan sponsors or plan administrators to certify to the corporation that such records are being maintained. .
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Sec. 314
Recordkeeping for terminating plans
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