Sec. 2. Amendments to the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986
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Section 302(a) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1082(a) ) is amended by adding at the end the following: A plan shall continue to be required to satisfy the minimum funding standard under paragraph
(1)if a case under title 11, United States Code, is commenced with respect to the employer unless the Secretary of the Treasury has waived the requirements of this subsection with respect to the plan under subsection (c). . Section 412(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following: A plan shall continue to be required to satisfy the minimum funding standard under paragraph
(1)if a case under title 11, United States Code, is commenced with respect to the employer unless the Secretary has waived the requirements of this subsection with respect to the plan under subsection (c). . Section 4212 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1392 ) is amended by adding at the end the following: A person shall be subject to an obligation to contribute under this part notwithstanding the commencement of a case under title 11, United States Code, with respect to that person. . Section 4220(c) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1399(c) ) is amended by adding at the end the following: An employer shall be subject to an obligation to make payments of withdrawal liability under this section notwithstanding the commencement of a case under title 11, United States Code, with respect to the employer. .
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Sec. 2
Amendments to the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986
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