Sec. 223. Restoration not required for certain mergers
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Clause
(ii)of section 432(f)(9)(C) of the Internal Revenue Code of 1986, as redesignated by section 211(a) and as in effect before the amendments made by section 211 other than subsection
(a)thereof, is amended by adding at the end the following flush language: If, during the period of the benefit suspension, the plan merges with a plan which is in stable or unrestricted status, nothing in this clause shall be construed to require the plan formed by the merger to restore the suspension of benefits. . Clause
(ii)of section 305(f)(9)(C) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1085(f)(9)(C) ), as redesignated by section 212(a) and as in effect before the amendments made by section 212 other than subsection
(a)thereof, is amended by adding at the end the following flush language: If, during the period of the benefit suspension, the plan merges with a plan which is in stable or unrestricted status, nothing in this clause shall be construed to require the plan formed by the merger to restore the suspension of benefits. . The amendments made by subsections
(a)and
(b)shall apply to plan mergers taking effect after the date of the enactment of this Act.
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Sec. 223
Restoration not required for certain mergers
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