Sec. 40221. SINGLE EMPLOYER PLAN ANNUAL PREMIUM RATES
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## SEC. 40221 SINGLE EMPLOYER PLAN ANNUAL PREMIUM RATES ###
(a)Flat-rate Premium ####
(1)In general Clause
(i)of section 4006(a)(3)(A) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306(a)(3)(A)) is amended to read as follows: > > ###### “(i) > > in the case of a single-employer plan, an amount for each individual who is a participant in such plan during the plan year equal to the sum of the additional premium (if any) determined under subparagraph
(E)and— > > > ###### “(I) > > for plan years beginning after December 31, 2005, and before January 1, 2013, $30; > > > ###### “(II) > > for plan years beginning after December 31, 2012, and before January 1, 2014, $42; and > > > ###### “(III) > > for plan years beginning after December 31, 2013, $49.” > . ####
(2)Adjustment for inflation Subparagraph
(F)of section 4006(a)(3) of such Act (29 U.S.C. 1306(a)(3)) is amended— #####
(A)in clause (i)(II), by inserting “(2012 in the case of plan years beginning after calendar year 2014)” after “2004”; and #####
(B)by adding at the end the following new sentence: “This subparagraph shall not apply to plan years beginning in 2013 or 2014.”. ###
(b)Variable-rate Premium ####
(1)In general Subparagraph (E)(ii) of section 4006(a)(3) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306(a)(3)) is amended by striking “$9.00” and inserting “the applicable dollar amount under paragraph (8)”. ####
(2)Applicable dollar amount Section 4006(a) of such Act (29 U.S.C. 1306(a)) is amended by adding at the end the following: > > #### “(8) Applicable dollar amount for variable rate premium > > For purposes of paragraph (3)(E)(ii)— > > > ##### “(A) In general > > Except as provided in subparagraphs
(B)and (C), the applicable dollar amount shall be— > > > ###### “(i) > > $9 for plan years beginning in a calendar year before 2015; > > > ###### “(ii) > > for plan years beginning in calendar year 2015, the amount in effect for plan years beginning in 2014 (determined after application of subparagraph (C)); and > > > ###### “(iii) > > for plan years beginning after calendar year 2015, the amount in effect for plan years beginning in 2015 (determined after application of subparagraph (C)). > > > ##### “(B) Adjustment for inflation > > For each plan year beginning in a calendar year after 2012, there shall be substituted for the applicable dollar amount specified under subparagraph
(A)an amount equal to the greater of— > > > ###### “(i) > > the product derived by multiplying such applicable dollar amount for plan years beginning in that calendar year by the ratio of— > > > ###### “(I) > > the national average wage index (as defined in section 209(k)(1) of the Social Security Act) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to > > > ###### “(II) > > the national average wage index (as so defined) for the base year; and > > > ###### “(ii) > > such applicable dollar amount in effect for plan years beginning in the preceding calendar year. > > If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1. > > > ##### “(C) Additional increase in 2014 and 2015 > > The applicable dollar amount determined under subparagraph
(A)(after the application of subparagraph (B)) shall be increased— > > > ###### “(i) > > in the case of plan years beginning in calendar year 2014, by $4; and > > > ###### “(ii) > > in the case of plan years beginning in calendar year 2015, by $5. > > > ##### “(D) Base year > > For purposes of subparagraph (B), the base year is— > > > ###### “(i) > > 2010, in the case of plan years beginning in calendar year 2013 or 2014; > > > ###### “(ii) > > 2012, in the case of plan years beginning in calendar year 2015; and > > > ###### “(iii) > > 2013, in the case of plan years beginning after calendar year 2015.” > . ####
(3)Cap #####
(A)In general Subparagraph (E)(i) of section 4006(a)(3) of such Act (29 U.S.C. 1306(a)(3)) is amended by striking “for any plan year shall be” and all that follows through the end and inserting the following “for any plan year— > > ###### “(I) > > shall be an amount equal to the amount determined under clause
(ii)divided by the number of participants in such plan as of the close of the preceding plan year; and > > > ###### “(II) > > in the case of plan years beginning in a calendar year after 2012, shall not exceed $400.” > . #####
(B)Adjustment for inflation Paragraph
(3)of section 4006(a) of such Act (29 U.S.C. 1306(a)(3)), as amended by this Act, is amended by adding at the end the following: > > ##### “(J) > > For each plan year beginning in a calendar year after 2013, there shall be substituted for the dollar amount specified in subclause
(II)of subparagraph (E)(i) an amount equal to the greater of— > > > ###### “(i) > > the product derived by multiplying such dollar amount by the ratio of— > > > ###### “(I) > > the national average wage index (as defined in section 209(k)(1) of the Social Security Act) for the first of the 2 calendar years preceding the calendar year in which such plan year begins, to > > > ###### “(II) > > the national average wage index (as so defined) for 2011; and > > > ###### “(ii) > > such dollar amount for plan years beginning in the preceding calendar year. > > If the amount determined under this subparagraph is not a multiple of $1, such product shall be rounded to the nearest multiple of $1.” > .
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Sec. 40221
SINGLE EMPLOYER PLAN ANNUAL PREMIUM RATES
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