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Code · BILL · 117th Congress · S. 547 (Introduced in Senate) — To provide relief for multiemployer and single employer pension plans, and for other purposes. · Sec. 3

Sec. 3. Repeal of benefit suspensions for multiemployer plans in critical and declining status

91 words·~1 min read·/bill/117/s/547/is/section-3

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Paragraph
(9)of section 432(e) of the Internal Revenue Code of 1986 is repealed. Paragraph
(9)of section 305(e) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1085(e) ) is repealed. The repeals made by this section shall not apply to plans that have been approved for a suspension of benefit under section 432(e)(9)(G) of the Internal Revenue Code of 1986 and section 305(e)(9)(G) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1085(e)(9)(G) ) before the date of the enactment of this Act.
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Sec. 3
Repeal of benefit suspensions for multiemployer plans in critical and declining status
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