Sec. 80602. Extension of interest rate stabilization
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/bill/117/hr/3684/eas/section-80602·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The table in subclause
(II)of section 430(h)(2)(C)(iv) of the Internal Revenue Code of 1986 is amended to read as follows: If the calendar year is: The applicable minimum percentage is: The applicable maximum percentage is: Any year in the period starting in 2012 and ending in 2019 90% 110% Any year in the period starting in 2020 and ending in 2030 95% 105% 2031 90% 110% 2032 85% 115% 2033 80% 120% 2034 75% 125% After 2034 70% 130%. . The table in subclause
(II)of section 303(h)(2)(C)(iv) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1083(h)(2)(C)(iv) ) is amended to read as follows: If the calendar year is: The applicable minimum percentage is: The applicable maximum percentage is: Any year in the period starting in 2012 and ending in 2019 90% 110% Any year in the period starting in 2020 and ending in 2030 95% 105% 2031 90% 110% 2032 85% 115% 2033 80% 120% 2034 75% 125% After 2034 70% 130%. . Section 101(f)(2)(D) of such Act ( 29 U.S.C. 1021(f)(2)(D) ) is amended— in clause (i), by striking and the American Rescue Plan Act of 2021 both places it appears and inserting , the American Rescue Plan Act of 2021, and the , and Infrastructure Investment and Jobs Act in clause (ii), by striking 2029 and inserting 2034 . The Secretary of Labor shall modify the statements required under subclauses
(I)and
(II)of section 101(f)(2)(D)(i) of such Act to conform to the amendments made by this section. The amendments made by this section shall apply with respect to plan years beginning after December 31, 2021.
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