§ 4203.3. Plan adoption of special withdrawal rules.
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/us/cfr/t29/s§ 4203.3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)General rule. A plan may, subject to the approval of the PBGC, establish by plan amendment special complete or partial withdrawal liability rules. A complete withdrawal liability rule adopted pursuant to this part shall be similar to the rules for the construction and entertainment industries described in section 4203
(b)and
(c)of ERISA. A partial withdrawal liability rule adopted pursuant to this part shall be consistent with the complete withdrawal rule adopted by the plan. A plan amendment adopted under this part may not be put into effect until it is approved by the PBGC.
(b)Discretionary provisions of the plan amendment. A plan amendment adopted pursuant to this part may---
(1)Cover an entire industry or industries, or be limited to a segment of an industry; and
(2)Apply to cessations of the obligation to contribute that occurred prior to the adoption of the amendment.
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§ 4203.3
Plan adoption of special withdrawal rules.
Fed. Reg.×7
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