§1055 — Title 29 Labor | U.S. Code

§1055 Requirement of joint and survivor annuity and preretirement survivor annuity

Title 29 › Chapter CHAPTER 18— - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM › Subchapter SUBCHAPTER I— - PROTECTION OF EMPLOYEE BENEFIT RIGHTS › Subtitle Subtitle B— - Regulatory Provisions › Part part 2— - participation and vesting › § 1055

Last updated Apr 6, 2026|Official source

Summary

Pension plans must give a married worker a joint-and-survivor annuity when they are vested and reach the annuity starting date. If a vested worker dies before that date and has a surviving spouse, the plan must give a preretirement survivor annuity to the spouse. The rule applies to all defined benefit plans and many individual account plans, with some limited exceptions for plans that already pay the spouse in full or certain older or special stock ownership plans. Participants can choose to waive these survivor benefits during the plan’s election period. To waive, the spouse must usually agree in writing and the consent must be witnessed or notarized, or a plan representative must be satisfied that consent cannot be obtained. Plans must give a written explanation of the joint-and-survivor and preretirement survivor annuities before the annuity start. For the joint-and-survivor waiver the election period ends on the annuity starting date and the participant has at least a 180-day window to decide. For the preretirement survivor annuity the election window runs from the first day of the plan year when the participant turns 35 until the participant’s death. Plans must allow making, revoking, and changing these elections during the applicable period. If a plan will use a participant’s benefit as loan collateral, the spouse must give written consent during the 90-day period before the loan is secured. A qualified joint-and-survivor annuity pays the participant for life and a survivor benefit for the spouse that is at least 50 percent and no more than 100 percent of the joint annuity, and it must be the actuarial equivalent of a single life annuity. A qualified optional survivor annuity follows set percentage rules (for example, if the plan’s survivor percentage is under 75 percent, the optional percentage is 75 percent; if it is 75 percent or more, the applicable percentage is 50 percent). A qualified preretirement survivor annuity must give the spouse payments at least equal to what the spouse would have received if the participant had retired at the plan’s earliest retirement age, or, for some individual account plans, an annuity equal to at least 50 percent of the participant’s nonforfeitable account balance at death. Present-value calculations for any cash-outs must use the required mortality table and interest rates. Key term meanings: vested participant = has a nonforfeitable right to benefits; annuity starting date = when annuity payments first become payable or when all events giving the right to the benefit have happened; earliest retirement age = the earliest date the plan lets the participant start retirement benefits. The Treasury must consult the Labor Department when making rules under these requirements.

Title 29, §1055

Labor — Source: USLM XML via OLRC

(a)Each pension plan to which this section applies shall provide that—

(1)in the case of a vested participant who does not die before the annuity starting date, the accrued benefit payable to such participant shall be provided in the form of a qualified joint and survivor annuity, and

(2)in the case of a vested participant who dies before the annuity starting date and who has a surviving spouse, a qualified preretirement survivor annuity shall be provided to the surviving spouse of such participant.

(b)(1)This section shall apply to—

(A)any defined benefit plan,

(B)any individual account plan which is subject to the funding standards of section 1082 of this title, and

(C)any participant under any other individual account plan unless—

(i)such plan provides that the participant’s nonforfeitable accrued benefit (reduced by any security interest held by the plan by reason of a loan outstanding to such participant) is payable in full, on the death of the participant, to the participant’s surviving spouse (or, if there is no surviving spouse or the surviving spouse consents in the manner required under subsection (c)(2), to a designated beneficiary),

(ii)such participant does not elect the payment of benefits in the form of a life annuity, and

(iii)with respect to such participant, such plan is not a direct or indirect transferee (in a transfer after December 31, 1984) of a plan which is described in subparagraph (A) or (B) or to which this clause applied with respect to the participant.

(2)(A)In the case of—

(i)a tax credit employee stock ownership plan (as defined in section 409(a) of title 26), or

(ii)an employee stock ownership plan (as defined in section 4975(e)(7) of title 26),

(B)Subparagraph (A) shall not apply with respect to any participant unless the requirements of clause 11 So in original. Probably should be “clauses”. (i), (ii), and (iii) of paragraph (1)(C) are met with respect to such participant.

(4)22 So in original. There are two pars. designated (4) and no par. (3). This section shall not apply to a plan which the Secretary of the Treasury or his delegate has determined is a plan described in section 404(c) of title 26 (or a continuation thereof) in which participation is substantially limited to individuals who, before January 1, 1976, ceased employment covered by the plan.

(4)2 A plan shall not be treated as failing to meet the requirements of paragraph (1)(C) or (2) merely because the plan provides that benefits will not be payable to the surviving spouse of the participant unless the participant and such spouse had been married throughout the 1-year period ending on the earlier of the participant’s annuity starting date or the date of the participant’s death.

(c)(1)A plan meets the requirements of this section only if—

(A)under the plan, each participant—

(i)may elect at any time during the applicable election period to waive the qualified joint and survivor annuity form of benefit or the qualified preretirement survivor annuity form of benefit (or both),

(ii)if the participant elects a waiver under clause (i), may elect the qualified optional survivor annuity at any time during the applicable election period, and

(iii)may revoke any such election at any time during the applicable election period, and

(B)the plan meets the requirements of paragraphs (2), (3), and (4).

(2)Each plan shall provide that an election under paragraph (1)(A)(i) shall not take effect unless—

(A)(i)the spouse of the participant consents in writing to such election, (ii) such election designates a beneficiary (or a form of benefits) which may not be changed without spousal consent (or the consent of the spouse expressly permits designations by the participant without any requirement of further consent by the spouse), and (iii) the spouse’s consent acknowledges the effect of such election and is witnessed by a plan representative or a notary public, or

(B)it is established to the satisfaction of a plan representative that the consent required under subparagraph (A) may not be obtained because there is no spouse, because the spouse cannot be located, or because of such other circumstances as the Secretary of the Treasury may by regulations prescribe.

(3)(A)Each plan shall provide to each participant, within a reasonable period of time before the annuity starting date (and consistent with such regulations as the Secretary of the Treasury may prescribe) a written explanation of—

(i)the terms and conditions of the qualified joint and survivor annuity and of the qualified optional survivor annuity,

(ii)the participant’s right to make, and the effect of, an election under paragraph (1) to waive the joint and survivor annuity form of benefit,

(iii)the rights of the participant’s spouse under paragraph (2), and

(iv)the right to make, and the effect of, a revocation of an election under paragraph (1).

(B)(i)Each plan shall provide to each participant, within the applicable period with respect to such participant (and consistent with such regulations as the Secretary may prescribe), a written explanation with respect to the qualified preretirement survivor annuity comparable to that required under subparagraph (A).

(ii)For purposes of clause (i), the term “applicable period” means, with respect to a participant, whichever of the following periods ends last:

(I)The period beginning with the first day of the plan year in which the participant attains age 32 and ending with the close of the plan year preceding the plan year in which the participant attains age 35.

(II)A reasonable period after the individual becomes a participant.

(III)A reasonable period ending after paragraph (5) ceases to apply to the participant.

(IV)A reasonable period ending after this section applies to the participant.

(4)Each plan shall provide that, if this section applies to a participant when part or all of the participant’s accrued benefit is to be used as security for a loan, no portion of the participant’s accrued benefit may be used as security for such loan unless—

(A)the spouse of the participant (if any) consents in writing to such use during the 90-day period ending on the date on which the loan is to be so secured, and

(B)requirements comparable to the requirements of paragraph (2) are met with respect to such consent.

(5)(A)The requirements of this subsection shall not apply with respect to the qualified joint and survivor annuity form of benefit or the qualified preretirement survivor annuity form of benefit, as the case may be, if such benefit may not be waived (or another beneficiary selected) and if the plan fully subsidizes the costs of such benefit.

(B)For purposes of subparagraph (A), a plan fully subsidizes the costs of a benefit if under the plan the failure to waive such benefit by a participant would not result in a decrease in any plan benefits with respect to such participant and would not result in increased contributions from such participant.

(6)If a plan fiduciary acts in accordance with part 4 of this subtitle in—

(A)relying on a consent or revocation referred to in paragraph (1)(A), or

(B)making a determination under paragraph (2),

(7)For purposes of this subsection, the term “applicable election period” means—

(A)in the case of an election to waive the qualified joint and survivor annuity form of benefit, the 180-day period ending on the annuity starting date, or

(B)in the case of an election to waive the qualified preretirement survivor annuity, the period which begins on the first day of the plan year in which the participant attains age 35 and ends on the date of the participant’s death.

(8)Notwithstanding any other provision of this subsection—

(A)(i)A plan may provide the written explanation described in paragraph (3)(A) after the annuity starting date. In any case to which this subparagraph applies, the applicable election period under paragraph (7) shall not end before the 30th day after the date on which such explanation is provided.

(ii)The Secretary of the Treasury may by regulations limit the application of clause (i), except that such regulations may not limit the period of time by which the annuity starting date precedes the provision of the written explanation other than by providing that the annuity starting date may not be earlier than termination of employment.

(B)A plan may permit a participant to elect (with any applicable spousal consent) to waive any requirement that the written explanation be provided at least 30 days before the annuity starting date (or to waive the 30-day requirement under subparagraph (A)) if the distribution commences more than 7 days after such explanation is provided.

(d)(1)For purposes of this section, the term “qualified joint and survivor annuity” means an annuity—

(A)for the life of the participant with a survivor annuity for the life of the spouse which is not less than 50 percent of (and is not greater than 100 percent of) the amount of the annuity which is payable during the joint lives of the participant and the spouse, and

(B)which is the actuarial equivalent of a single annuity for the life of the participant.

(2)(A)For purposes of this section, the term “qualified optional survivor annuity” means an annuity—

(i)for the life of the participant with a survivor annuity for the life of the spouse which is equal to the applicable percentage of the amount of the annuity which is payable during the joint lives of the participant and the spouse, and

(ii)which is the actuarial equivalent of a single annuity for the life of the participant.

(B)(i)For purposes of subparagraph (A), if the survivor annuity percentage—

(I)is less than 75 percent, the applicable percentage is 75 percent, and

(II)is greater than or equal to 75 percent, the applicable percentage is 50 percent.

(ii)For purposes of clause (i), the term “survivor annuity percentage” means the percentage which the survivor annuity under the plan’s qualified joint and survivor annuity bears to the annuity payable during the joint lives of the participant and the spouse.

(e)For purposes of this section—

(1)Except as provided in paragraph (2), the term “qualified preretirement survivor annuity” means a survivor annuity for the life of the surviving spouse of the participant if—

(A)the payments to the surviving spouse under such annuity are not less than the amounts which would be payable as a survivor annuity under the qualified joint and survivor annuity under the plan (or the actuarial equivalent thereof) if—

(i)in the case of a participant who dies after the date on which the participant attained the earliest retirement age, such participant had retired with an immediate qualified joint and survivor annuity on the day before the participant’s date of death, or

(ii)in the case of a participant who dies on or before the date on which the participant would have attained the earliest retirement age, such participant had—

(I)separated from service on the date of death,

(II)survived to the earliest retirement age,

(III)retired with an immediate qualified joint and survivor annuity at the earliest retirement age, and

(IV)died on the day after the day on which such participant would have attained the earliest retirement age, and

(B)under the plan, the earliest period for which the surviving spouse may receive a payment under such annuity is not later than the month in which the participant would have attained the earliest retirement age under the plan.

(2)In the case of any individual account plan or participant described in subparagraph (B) or (C) of subsection (b)(1), the term “qualified preretirement survivor annuity” means an annuity for the life of the surviving spouse the actuarial equivalent of which is not less than 50 percent of the portion of the account balance of the participant (as of the date of death) to which the participant had a nonforfeitable right (within the meaning of section 1053 of this title).

(3)For purposes of paragraphs (1) and (2), any security interest held by the plan by reason of a loan outstanding to the participant shall be taken into account in determining the amount of the qualified preretirement survivor annuity.

(f)(1)Except as provided in paragraph (2), a plan may provide that a qualified joint and survivor annuity (or a qualified preretirement survivor annuity) will not be provided unless the participant and spouse had been married throughout the 1-year period ending on the earlier of—

(A)the participant’s annuity starting date, or

(B)the date of the participant’s death.

(2)For purposes of paragraph (1), if—

(A)a participant marries within 1 year before the annuity starting date, and

(B)the participant and the participant’s spouse in such marriage have been married for at least a 1-year period ending on or before the date of the participant’s death,

(g)(1)A plan may provide that the present value of a qualified joint and survivor annuity or a qualified preretirement survivor annuity will be immediately distributed if such value does not exceed the amount that can be distributed without the participant’s consent under section 1053(e) of this title. No distribution may be made under the preceding sentence after the annuity starting date unless the participant and the spouse of the participant (or where the participant has died, the surviving spouse) consent in writing to such distribution.

(2)If—

(A)the present value of the qualified joint and survivor annuity or the qualified preretirement survivor annuity exceeds the amount that can be distributed without the participant’s consent under section 1053(e) of this title, and

(B)the participant and the spouse of the participant (or where the participant has died, the surviving spouse) consent in writing to the distribution,

(3)(A)For purposes of paragraphs (1) and (2), the present value shall not be less than the present value calculated by using the applicable mortality table and the applicable interest rate.

(B)For purposes of subparagraph (A)—

(i)The term “applicable mortality table” means a mortality table, modified as appropriate by the Secretary of the Treasury, based on the mortality table specified for the plan year under subparagraph (A) of section 1083(h)(3) of this title (without regard to subparagraph (C) or (D) of such section).

(ii)The term “applicable interest rate” means the adjusted first, second, and third segment rates applied under rules similar to the rules of section 1083(h)(2)(C) of this title (determined by not taking into account any adjustment under clause (iv) thereof) for the month before the date of the distribution or such other time as the Secretary of the Treasury may by regulations prescribe.

(iii)For purposes of clause (ii), the adjusted first, second, and third segment rates are the first, second, and third segment rates which would be determined under section 1083(h)(2)(C) of this title (determined by not taking into account any adjustment under clause (iv) thereof) if section 1083(h)(2)(D) of this title were applied by substituting the average yields for the month described in clause (ii) for the average yields for the 24-month period described in such section.

(h)For purposes of this section—

(1)The term “vested participant” means any participant who has a nonforfeitable right (within the meaning of section 1002(19) of this title) to any portion of such participant’s accrued benefit.

(2)(A)The term “annuity starting date” means—

(i)the first day of the first period for which an amount is payable as an annuity, or

(ii)in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitle the participant to such benefit.

(B)For purposes of subparagraph (A), the first day of the first period for which a benefit is to be received by reason of disability shall be treated as the annuity starting date only if such benefit is not an auxiliary benefit.

(3)The term “earliest retirement age” means the earliest date on which, under the plan, the participant could elect to receive retirement benefits.

(i)A plan may take into account in any equitable manner (as determined by the Secretary of the Treasury) any increased costs resulting from providing a qualified joint or survivor annuity or a qualified preretirement survivor annuity.

(j)If the use of any participant’s accrued benefit (or any portion thereof) as security for a loan meets the requirements of subsection (c)(4), nothing in this section shall prevent any distribution required by reason of a failure to comply with the terms of such loan.

(k)No consent of a spouse shall be effective for purposes of subsection (g)(1) or (g)(2) (as the case may be) unless requirements comparable to the requirements for spousal consent to an election under subsection (c)(1)(A) are met.

(l)In prescribing regulations under this section, the Secretary of the Treasury shall consult with the Secretary of Labor.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2014—Subsec. (g)(3)(B)(iii). Pub. L. 113–295 struck out dash after “if” and subcl. (I) designation before “section 1083(h)(2)(D)”, substituted “described in such section.” for “described in such section,”, and struck out subcls. (II) and (III) which related to methods for calculating rates based on section 1083(h)(2)(G) of this title. 2012—Subsec. (g)(3)(B)(ii), (iii). Pub. L. 112–141 substituted “section 1083(h)(2)(C) of this title (determined by not taking into account any adjustment under clause (iv) thereof)” for “section 1083(h)(2)(C) of this title”. 2008—Subsec. (g)(3)(B)(iii)(II). Pub. L. 110–458 substituted “section 1055(g)(3)(A)(ii)(II)” for “section 1055(g)(3)(B)(iii)(II)”. 2006—Subsec. (c)(1)(A). Pub. L. 109–280, § 1004(b)(1), substituted comma for “, and” at end of cl. (i), added cl. (ii), and redesignated former cl. (ii) as (iii). Subsec. (c)(3)(A)(i). Pub. L. 109–280, § 1004(b)(3), inserted “and of the qualified optional survivor annuity” before comma at end. Subsec. (c)(7)(A). Pub. L. 109–280, § 1102(a)(2)(A), substituted “180-day” for “90-day”. Subsec. (d). Pub. L. 109–280, § 1004(b)(2), designated existing provisions as par. (1), redesignated former pars. (1) and (2) as subpars. (A) and (B), respectively, of par. (1), and added par. (2). Subsec. (g)(3). Pub. L. 109–280, § 302(a), struck out heading and amended text of par. (3) generally. Prior to amendment, par. (3) stated general rule for determination of present value, defined “applicable mortality table” and “applicable interest rate”, and set forth exception from general rule in the case of a distribution from a plan that was adopted and in effect prior to Dec. 8, 1994. 2002—Subsec. (g)(1). Pub. L. 107–147, § 411(r)(2)(A), substituted “exceed the amount that can be distributed without the participant’s consent under section 1053(e) of this title” for “exceed the dollar limit under section 1053(e)(1) of this title”. Subsec. (g)(2)(A). Pub. L. 107–147, § 411(r)(2)(B), substituted “exceeds the amount that can be distributed without the participant’s consent under section 1053(e) of this title” for “exceeds the dollar limit under section 1053(e)(1) of this title”. 1997—Subsec. (c)(8)(A)(ii). Pub. L. 105–34, § 1601(d)(5), substituted “Secretary of the Treasury” for “Secretary”. Subsec. (g)(1), (2)(A). Pub. L. 105–34, § 1071(b)(2), substituted “the dollar limit under section 1053(e)(1) of this title” for “$3,500”. 1996—Subsec. (c)(8). Pub. L. 104–188 added par. (8). 1994—Subsec. (g)(3). Pub. L. 103–465 amended par. (3) generally. Prior to amendment, par. (3) read as follows: “(3)(A) For purposes of paragraphs (1) and (2), the present value shall be calculated— “(i) by using an interest rate no greater than the applicable interest rate if the vested accrued benefit (using such rate) is not in excess of $25,000, and “(ii) by using an interest rate no greater than 120 percent of the applicable interest rate if the vested accrued benefit exceeds $25,000 (as determined under clause (i)). In no event shall the present value determined under subclause (II) be less than $25,000. “(B) For purposes of subparagraph (A), the term ‘applicable interest rate’ means the interest rate which would be used (as of the date of the distribution) by the Pension Benefit Guaranty Corporation for purposes of determining the present value of a lump sum distribution on plan termination.” 1989—Subsec. (b)(1)(C)(i). Pub. L. 101–239, § 7862(d)(7), made technical correction to directory language of Pub. L. 99–514, § 1898(b)(7)(B), see 1986 Amendment note below. Subsec. (b)(2)(A)(i). Pub. L. 101–239, § 7891(a)(1), substituted “Internal Revenue Code of 1986” for “Internal Revenue Code of 1954”, which for purposes of codification was translated as “title 26” thus requiring no change in text. Subsec. (b)(3), (4). Pub. L. 101–239, § 7862(d)(9), amended directory language of Pub. L. 99–514, § 1898(b)(14)(B), see 1986 Amendment note below, and redesignated par. (3), as added by Pub. L. 99–514, § 1898(b)(14)(B), as par. (4). Pub. L. 101–239, §§ 7861(d)(2), 7891(c), realigned margins of par. (3), as added by Pub. L. 99–514, § 1145(b), and redesignated such par. (3) as (4). Subsec. (c)(3)(B)(ii). Pub. L. 101–239, § 7862(d)(1)(B), inserted at end “In the case of a participant who separates from service before attaining age 35, the applicable period shall be a reasonable period after separation.” Subsec. (c)(3)(B)(ii)(IV). Pub. L. 101–239, § 7862(d)(6), substituted “after this section” for “after section 1101(a)(11) of this title”. Subsec. (c)(3)(B)(ii)(V). Pub. L. 101–239, § 7862(d)(1)(B), struck out subcl. (V) which read as follows: “A reasonable period after separation from service in case of a participant who separates before attaining age 35.” Subsec. (c)(6). Pub. L. 101–239, § 7894(c)(7)(A), substituted “such Act” for “such act”. Subsec. (e)(2). Pub. L. 101–239, § 7862(d)(8), substituted “nonforfeitable right (within the meaning of section 1053 of this title)” for “nonforfeitable accrued benefit”. Subsec. (g)(3)(A). Pub. L. 101–239, § 7891(b)(3), realigned margins of subpar. (A). Subsec. (h)(1). Pub. L. 101–239, §§ 7862(d)(3)(A), 7891(e)(1), amended par. (1) identically, substituting “The term” for “the term” and “benefit.” for “benefit,”. Subsec. (h)(3). Pub. L. 101–239, §§ 7862(d)(3)B), 7891(e)(2), amended par. (3) identically, substituting “The term” for “the term”. 1986—Subsec. (a)(1). Pub. L. 99–514, § 1898(b)(3)(B), substituted “who does not die before the annuity starting date” for “who retires under the plan”. Subsec. (b)(1). Pub. L. 99–514, § 1898(b)(2)(B)(ii), inserted at end “Clause (iii) of subparagraph (C) shall apply only with respect to the transferred assets (and income therefrom) if the plan separately accounts for such assets and any income therefrom.” Subsec. (b)(1)(C)(i). Pub. L. 99–514, § 1898(b)(13)(B), substituted “(c)(2)” for “(c)(2)(A)”. Pub. L. 99–514, § 1898(b)(7)(B), as amended by Pub. L. 101–239, § 7862(d)(7), inserted “(reduced by any security interest held by the plan by reason of a loan outstanding to such participant)”. Subsec. (b)(1)(C)(iii). Pub. L. 99–514, § 1898(b)(2)(B)(i), substituted “a direct or indirect transferee (in a transfer after December 31, 1984)” for “a transferee”. Subsec. (b)(3). Pub. L. 99–514, § 1898(b)(14)(B), as amended by Pub. L. 101–239, § 7862(d)(9)(A), added par. (3) relating to treatment of plan as meeting requirements of par. (1)(C) or (2) of subsec. (b). Pub. L. 99–514, § 1145(b), added par. (3) relating to applicability of this section to plans described in section 404(c) of title 26. Subsec. (c)(1)(B). Pub. L. 99–514, § 1898(b)(4)(B)(i), substituted “paragraphs (2), (3), and (4)” for “paragraphs (2) and (3)”. Subsec. (c)(2)(A). Pub. L. 99–514, § 1898(b)(6)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: “the spouse of the participant consents in writing to such election, and the spouse’s consent acknowledges the effect of such election and is witnessed by a plan representative or a notary public, or”. Subsec. (c)(3)(B). Pub. L. 99–514, § 1898(b)(5)(B), amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: “Each plan shall provide to each participant, within the period beginning with the first day of the plan year in which the participant attains age 32 and ending with the close of the plan year preceding the plan year in which the participant attains age 35 (and consistent with such

Regulations

as the Secretary of the Treasury may prescribe), a written explanation with respect to the qualified preretirement survivor annuity comparable to that required under subparagraph (A).” Subsec. (c)(4). Pub. L. 99–514, § 1898(b)(4)(B)(ii), added par. (4). Former par. (4) redesignated (5). Subsec. (c)(5). Pub. L. 99–514, § 1898(b)(4)(B)(ii), redesignated par. (4) as (5). Former par. (5) redesignated (6). Subsec. (c)(5)(A). Pub. L. 99–514, § 1898(b)(11)(B), inserted “if such benefit may not be waived (or another beneficiary selected) and”. Subsec. (c)(6), (7). Pub. L. 99–514, § 1898(b)(4)(B)(ii), redesignated pars. (5) and (6) as (6) and (7), respectively. Subsec. (e)(1). Pub. L. 99–514, § 1898(b)(1)(B), inserted at end “In the case of an individual who separated from service before the date of such individual’s death, subparagraph (A)(ii)(I) shall not apply.” Subsec. (e)(2). Pub. L. 99–514, § 1898(b)(9)(B)(i), substituted “the portion of the account balance of the participant (as of the date of death) to which the participant had a nonforfeitable accrued benefit” for “the account balance of the participant as of the date of death”. Subsec. (e)(3). Pub. L. 99–514, § 1898(b)(9)(B)(ii), added par. (3). Subsec. (g)(3). Pub. L. 99–514, § 1139(c)(2), amended par. (3) generally. Prior to amendment, par. (3) read as follows: “For purposes of paragraphs (1) and (2), the present value of a qualified joint and survivor annuity or a qualified preretirement survivor annuity shall be determined as of the date of the distribution and by using an interest rate not greater than the interest rate which would be used (as of the date of the distribution) by the Pension Benefit Guaranty Corporation for purposes of determining the present value of a lump sum distribution on plan termination.” Subsec. (h)(1). Pub. L. 99–514, § 1898(b)(8)(B), substituted “such participant’s accrued benefit” for “the accrued benefit derived from employer contributions”. Subsec. (h)(2). Pub. L. 99–514, § 1898(b)(12)(B), amended par. (2) generally. Prior to amendment, par. (2) read as follows: “the term ‘annuity starting date’ means the first day of the first period for which an amount is received as an annuity (whether by reason of retirement or disability), and”. Subsec. (j). Pub. L. 99–514, § 1898(b)(4)(B)(iii), added subsec. (j). Former subsec. (j) redesignated (k). Subsec. (k). Pub. L. 99–514, § 1898(b)(10)(B), added subsec. (k). Former subsec. (k) redesignated (l). Pub. L. 99–514, § 1898(b)(4)(B)(iii), redesignated subsec. (j) as (k). Subsec. (l). Pub. L. 99–514, § 1898(b)(10)(B), redesignated subsec. (k) as (l). 1984—Subsec. (a). Pub. L. 98–397 substituted provisions relating to provisions to be included in applicable plans for former provisions relating to form of payment of annuity benefits. Subsec. (b). Pub. L. 98–397 substituted provisions relating to applicable plans under this section for former provisions relating to plans providing for payment of benefits before normal retirement age. Subsec. (c). Pub. L. 98–397 substituted provisions relating to conditions under which plans meet the requirements of this section for former provisions relating to election of qualified joint and survivor annuity form. Subsec. (d). Pub. L. 98–397 substituted provisions defining “qualified joint and survivor annuity” for former provisions relating to the participant’s spouse not being entitled to receive survivor annuity. Subsec. (e). Pub. L. 98–397 substituted provisions defining “qualified preretirement survivor annuity” for former provisions relating to election to take annuity. Subsec. (f). Pub. L. 98–397 substituted provisions to the effect that plans may provide that annuities will not be provided unless the participant and spouse had been married for a certain 1-year period, for former provisions relating to plan provisions which render election or revocation ineffective if participant dies within period of up to 2 years following the date of election or revocation. Subsec. (g). Pub. L. 98–397 substituted provisions relating to plan provisions for immediate distribution of present value if such value does not exceed $3,500 and for written consent from the participant and spouse for former provisions setting forth definitions. See subsec. (h) of this section. Subsec. (h). Pub. L. 98–397 substituted provisions setting forth definitions for former provisions relating to increased costs resulting from providing joint and survivor annuity benefits. See subsec. (i) of this section. Subsec. (i). Pub. L. 98–397 substituted provisions relating to increased costs resulting from providing annuities under applicable plans for former provisions setting forth the

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of this section. Subsec. (j). Pub. L. 98–397 added subsec. (j).

made by subtitle A or subtitle C of title XI [§§ 1101–1147 and 1171–1177] or title XVIII [§§ 1800–1899A] of Pub. L. 99–514 require an amendment to any plan, such plan amendment shall not be required to be made before the first plan year beginning on or after Jan. 1, 1989, see section 1140 of Pub. L. 99–514, as amended, set out as a note under section 401 of Title 26, Internal Revenue Code.

§1055 Requirement of joint and survivor annuity and preretirement survivor annuity

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Title 29, §1055

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