26 U.S.C. § 9708 — Effect on pending claims or obligations
submitted 34 years ago by Pub. L. 102-486 to r/title-26-INTERNAL-REVENUE-CODE · 153 words · no verdicts yet
For contributions arising on or after February 1, 1993, this chapter exclusively determines liability, but it preserves earlier claims, obligations, and certain subrogation rights.
All liability for contributions to the Combined Fund* arising on or after February 1, 1993, including contributions to the 1950 and 1974 UMWA Benefit Plans for coal produced on or after that date, is determined only under this chapter. This chapter does not affect claims or obligations connected with those plans as of February 1, 1993, including claims or obligations under their “evergreen” clause. It also does not affect an 1988 agreement operator’s subrogation rights concerning contributions owed to those plans as of that date.
All liability for contributions to the Combined Fund* that arises on and after February 1, 1993, shall be determined exclusively under this chapter, including all liability for contributions to the 1950 UMWA Benefit Plan* and the 1974 UMWA Benefit Plan* for coal production on and after February 1, 1993. However, nothing in this chapter is intended to have any effect on any claims or obligations arising in connection with the 1950 UMWA Benefit Plan* and the 1974 UMWA Benefit Plan as of February 1, 1993, including claims or obligations based on the “evergreen” clause found in the language of the 1950 UMWA Benefit Plan and the 1974 UMWA Benefit Plan. This chapter shall not be construed to affect any rights of subrogation of any 1988 agreement operator with respect to contributions due to the 1950 UMWA Benefit Plan or the 1974 UMWA Benefit Plan as of February 1, 1993.
Source credit: (Added Pub. L. 102–486, title XIX, § 19143(a), Oct. 24, 1992, 106 Stat. 3051.)
- 1992Enacted · Pub. L. 102-486 · 106 Stat. 3051
A history note hasn’t been published yet. The record shows enactment by Pub. L. 102-486 on 1992-10-24.
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