Sec. 104. TRANSPARENCY
427 words·~2 min read·
/statute-compilations/comps-10892/sec-104A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 104 TRANSPARENCY ###
(a)Notice to Participants ####
(1)In general Paragraph
(2)of section 101(f) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1021(f)) is amended by adding at the end the following new subparagraph: > > ##### “(E) Effect of csec plan rules on plan funding > > In the case of a CSEC plan, each notice under paragraph
(1)shall include— > > > ###### “(i) > > a statement that different rules apply to CSEC plans than apply to single-employer plans, > > > ###### “(ii) > > for the first 2 plan years beginning after December 31, 2013, a statement that, as a result of changes in the law made by the Cooperative and Small Employer Charity Pension Flexibility Act, the contributions to the plan may have changed, and > > > ###### “(iii) > > in the case of a CSEC plan that is in funding restoration status for the plan year, a statement that the plan is in funding restoration status for such plan year. > > A copy of the statement required under clause
(iii)shall be provided to the Secretary, the Secretary of the Treasury, and the Director of the Pension Benefit Guaranty Corporation.” > . ####
(2)Model notice **[**[29 U.S.C. 1021 note](/us/usc/t29/s1021)**]** The Secretary of Labor may modify the model notice required to be published under section 501(c) of the Pension Protection Act of 2006 to include the information described in section 101(f)(2)(E) of the Employee Retirement Income Security Act of 1974, as added by this subsection. ###
(b)Notice of Failure To Meet Minimum Funding Standards ####
(1)Pending waivers Paragraph
(2)of section 101(d) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1021(d)) is amended by striking “303” and inserting “303 or 306”. ####
(2)Definitions Paragraph
(3)of section 101(d) of the Employee Retirement Income Security Act of 1974 (21 U.S.C. 1021(d)) is amended by striking “303(j)” and inserting “303(j) or 306(f), whichever is applicable”. ###
(c)Additional Reporting Requirements Section 103 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1023) is amended by adding at the end the following new subsection: > > ### “(g) Additional Information With Respect to Multiple Employer Plans > > With respect to any multiple employer plan, an annual report under this section for a plan year shall include a list of participating employers and a good faith estimate of the percentage of total contributions made by such participating employers during the plan year.” > .
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
- 21 USC 1021(d)
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources