29 U.S.C. § 1348 — Termination date

submitted 52 years ago by Pub. L. 93-406 to r/title-29-LABOR · 266 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section defines the termination date for single-employer and multiemployer plans. The date depends on the type of termination and, in some cases, agreement between the plan administrator, corporation, trustee, or court.

(a) For this subchapter, the termination date of a single-employer plan is: (1) for a standard termination under section 1341(b), the date proposed in the notice under section 1341(a)(2); (2) for a distress termination under section 1341(c), the date set by the plan administrator and agreed to by the corporation; (3) for a termination under section 1342, the date set by the corporation and agreed to by the plan administrator; or (4) for a termination under section 1341(c) or 1342 when the plan administrator and corporation (or trustee) do not agree, the date set by the court.\n\n(b) For this subchapter, the termination date of a multiemployer plan is: (1) for a termination under section 1341a, the date determined under that section’s subsection (b); or (2) for a termination under section 1342, the date agreed to by the plan administrator and corporation (or, if one exists, the trustee appointed under section 1342(b)(2)). If they do not agree, it is the date set by the court.

the actual law source: uscode.house.gov ↗public domain

(a)

For purposes of this subchapter the termination date of a single-employer plan is—

(1)

in the case of a plan terminated in a standard termination in accordance with the provisions of section 1341(b) of this title, the termination date proposed in the notice provided under section 1341(a)(2) of this title,

(2)

in the case of a plan terminated in a distress termination in accordance with the provisions of section 1341(c) of this title, the date established by the plan administrator and agreed to by the corporation,

(3)

in the case of a plan terminated in accordance with the provisions of section 1342 of this title, the date established by the corporation and agreed to by the plan administrator, or

(4)

in the case of a plan terminated under section 1341(c) or 1342 of this title in any case in which no agreement is reached between the plan administrator and the corporation (or the trustee), the date established by the court.

(b)

For purposes of this subchapter, the date of termination of a multiemployer plan is—

(1)

in the case of a plan terminated in accordance with the provisions of section 1341a of this title, the date determined under subsection (b) of that section; or

(2)

in the case of a plan terminated in accordance with the provisions of section 1342 of this title, the date agreed to between the plan administrator and the corporation (or the trustee appointed under section 1342(b)(2) of this title, if any), or, if no agreement is reached, the date established by the court.

Source credit: (Pub. L. 93–406, title IV, § 4048, Sept. 2, 1974, 88 Stat. 1028; Pub. L. 96–364, title IV, § 402(a)(8), Sept. 26, 1980, 94 Stat. 1299; Pub. L. 99–272, title XI, § 11016(a)(4), Apr. 7, 1986, 100 Stat. 268.)

history & why it existsrecord from the source credit

1974Enacted · Pub. L. 93-406 · 88 Stat. 1028
1980Amended · Pub. L. 96-364 · 94 Stat. 1299
1986Amended · Pub. L. 99-272 · 100 Stat. 268

A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-406 on 1974-09-02.

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