Sec. 40222. MULTIEMPLOYER ANNUAL PREMIUM RATES
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## SEC. 40222 MULTIEMPLOYER ANNUAL PREMIUM RATES ###
(a)In General Subparagraph
(A)of section 4006(a)(3) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306(a)(3)) is amended— ####
(1)by inserting “and before January 1, 2013,” after “December 31, 2005,” in clause (iv), ####
(2)by striking “or” at the end of clause (iii), ####
(3)by striking the period at the end of clause
(iv)and inserting “, or”, and ####
(4)by adding at the end the following new clause: > > ###### “(v) > > in the case of a multiemployer plan, for plan years beginning after December 31, 2012, $12.00 for each individual who is a participant in such plan during the applicable plan year.” > . ###
(b)Inflation Adjustment Paragraph
(3)of section 4006(a) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306(a)(3)) is amended by adding at the end the following: > > ##### “(I) > > For each plan year beginning in a calendar year after 2013, there shall be substituted for the premium rate specified in clause
(v)of subparagraph
(A)an amount equal to the greater of— > > > ###### “(i) > > the product derived by multiplying the premium rate specified in clause
(v)of subparagraph
(A)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) > > the premium rate in effect under clause
(v)of subparagraph
(A)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.” > . ### PART III IMPROVEMENTS OF PBGC
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Sec. 40222
MULTIEMPLOYER ANNUAL PREMIUM RATES
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