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Code · U.S. Code · Title 29 - LABOR · CHAPTER 18— EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM · SUBCHAPTER III— PLAN TERMINATION INSURANCE · § 1381

§ 1381. Withdrawal liability established; criteria and definitions

909 words·~4 min read·/usc/title-29/section-1381

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)If an employer withdraws from a multiemployer plan in a complete withdrawal or a partial withdrawal, then the employer is liable to the plan in the amount determined under this part to be the withdrawal liability.
(b)For purposes of subsection (a)—
(1)The withdrawal liability of an employer to a plan is the amount determined under section 1391 of this title to be the allocable amount of unfunded vested benefits, adjusted—
(A)first, by any de minimis reduction applicable under section 1389 of this title,
(B)next, in the case of a partial withdrawal, in accordance with section 1386 of this title,
(C)then, to the extent necessary to reflect the limitation on annual payments under section 1399(c)(1)(B) of this title, and
(D)finally, in accordance with section 1405 of this title.
(2)The term “complete withdrawal” means a complete withdrawal described in section 1383 of this title.
(3)The term “partial withdrawal” means a partial withdrawal described in section 1385 of this title.
(Pub. L. 93–406, title IV, § 4201, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1217.)
Connections65 cite this · traces to 11
Cited by 65 sections · top 50
statutes-at-large
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19 references not yet in our index
  • Pub. L. 93–406, title IV, § 4201
  • Pub. L. 96–364, title I, § 104(2)
  • 94 Stat. 1217
  • Pub. L. 93–406, title IV, § 4402
  • 88 Stat. 1034
  • Pub. L. 95–214, § 1
  • 91 Stat. 1501
  • Pub. L. 96–24
  • 93 Stat. 70
  • Pub. L. 96–239, § 1
  • 94 Stat. 341
  • Pub. L. 96–293, § 1
  • 94 Stat. 610
  • Pub. L. 96–364, title I, § 108(a)
  • 94 Stat. 1267
  • Pub. L. 98–369, div. A, title V, § 558(a)
  • 98 Stat. 899
  • Pub. L. 96–364, title I, § 108(c)(4)
  • 94 Stat. 1269
Citation graph
cites case law
§ 1381
Withdrawal liability established; criteria and definitions
Bills×40
Stat.×13
U.S.C.×12
Pub. L.Pub. L. 93–406, title IV, § 4201
Pub. L.Pub. L. 96–364, title I, § 104(2)
Stat.94 Stat. 1217
Cites 30 · showing 12Cited by 65 across 3 sources
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