§ 1058. Mergers and consolidations of plans or transfers of plan assets
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/usc/title-29/section-1058A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A pension plan may not merge or consolidate with, or transfer its assets or liabilities to, any other plan after September 2, 1974, unless each participant in the plan would (if the plan then terminated) receive a benefit immediately after the merger, consolidation, or transfer which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger, consolidation, or transfer (if the plan had then terminated). The preceding sentence shall not apply to any transaction to the extent that participants either before or after the transaction are covered under a multiemployer plan to which subchapter III of this chapter applies.
(Pub. L. 93–406, title I, § 208, Sept. 2, 1974, 88 Stat. 865; Pub. L. 96–364, title IV, § 402(b)(1), Sept. 26, 1980, 94 Stat. 1299.)
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Cited by 11 sections · top 10
statutes-at-large
- Public Law 93–406
- Public Law 96–364To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to improve retirement income security under private multiemployer pension plans by strengthening the funding requirements for those plans, to authorize plan preservation measures for financially troubl
Traces to 1 document
U.S. Code
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- Pub. L. 93–406, title I, § 208
- 88 Stat. 865
- Pub. L. 96–364, title IV, § 402(b)(1)
- 94 Stat. 1299
- Pub. L. 96–364
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§ 1058
Mergers and consolidations of plans or transfers of plan assets
Bills×5
Stat.×3
U.S.C.×3
Pub. L.Pub. L. 93–406, title I, § 208
Stat.88 Stat. 865
Pub. L.Pub. L. 96–364, title IV, § 402(b)(1)
Stat.94 Stat. 1299
Pub. L.Pub. L. 96–364
Cites 6Cited by 11 across 3 sources