29 U.S.C. § 1381 — Withdrawal liability established; criteria and definitions
submitted 46 years ago by Pub. L. 93-406 to r/title-29-LABOR · 172 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
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.
For purposes of subsection (a)—
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—
first, by any de minimis reduction applicable under section 1389 of this title,
next, in the case of a partial withdrawal, in accordance with section 1386 of this title,
then, to the extent necessary to reflect the limitation on annual payments under section 1399(c)(1)(B) of this title, and
finally, in accordance with section 1405 of this title.
The term “complete withdrawal” means a complete withdrawal described in section 1383 of this title.
The term “partial withdrawal” means a partial withdrawal described in section 1385 of this title.
Source credit: (Pub. L. 93–406, title IV, § 4201, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1217.)
- 1980Enacted · Pub. L. 93-406 · 94 Stat. 1217
A history note hasn’t been published yet. The record shows enactment by Pub. L. 93-406 on 1980-09-26.
all 0 arguments · sorted by: best
no arguments yet — make the first case