Sec. 243. Additional pensions benefits
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In the case that, with respect to a certified adversely affected worker, the amount of pension plan benefits guaranteed under section 4022 or 4022A of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1322 , 1322a), subject to section 4022B of such Act ( 29 U.S.C. 1322b ) is less than the amount of the nonforfeitable benefit to which such employee was entitled under the terms of the pension plan of the applicable firm immediately before the date of the insolvency of such applicable firm, the Pension Benefit Guaranty Corporation shall make payments to such certified adversely affected worker or to the multiemployer plan of the certified adversely affected worker, as applicable, on a monthly basis in an amount equal to— the excess of— the amount to which the employee was so entitled; over the amount so guaranteed; and the payments otherwise made to such worker in accordance with section 4022 or 4022A of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1322 , 1322a), subject to section 4022B of such Act ( 29 U.S.C. 1322b ).
Each fiscal quarter, the Secretary of Labor shall transfer from the Trust Fund established under section 251 to the fund established under subsection
(i)of section 4005 of the Employee Retirement Income Security Act ( 29 U.S.C. 1305 ) (as added by subsection (c)), an amount equal to the aggregate payments that are expected to be made under subsection (a)(1) by the Pension Benefit Guaranty Corporation in the subsequent fiscal quarter. The Secretary of Labor may adjust the amounts so transferred for a fiscal quarter to account for any overpayment or underpayment so made in a previous fiscal quarter. Section 4005 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1305 ) is amended by adding at the end the following: An eighth fund shall be established and credited with any amounts transferred in accordance with section 243(b) of the Clean Energy Worker Just Transition Act . Such amounts shall be made available to make payments in accordance with section 243(a) of such Act. .
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