§1387 — Title 29 Labor | U.S. Code

§1387 Reduction or waiver of complete withdrawal liability; procedures and standards applicable

Title 29 › Chapter CHAPTER 18— - EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM › Subchapter SUBCHAPTER III— - PLAN TERMINATION INSURANCE › Subtitle Subtitle E— - Special Provisions for Multiemployer Plans › Part part 1— - employer withdrawals › § 1387

Last updated Apr 6, 2026|Official source

Summary

The corporation must create rules that let an employer who fully left a plan have the amount it owes reduced or forgiven if that employer later restarts covered work or again agrees to pay into the plan, as long as the corporation finds that fits the law’s goals. The corporation must also set a process and standards so pension plans can change their own rules to offer these same kinds of reductions or waivers, but only if those plan changes also match the law’s goals.

Title 29, §1387

Labor — Source: USLM XML via OLRC

(a)The corporation shall provide by regulation for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from a plan subsequently resumes covered operations under the plan or renews an obligation to contribute under the plan, to the extent that the corporation determines that reduction or waiver of withdrawal liability is consistent with the purposes of this chapter.

(b)The corporation shall prescribe by regulation a procedure and standards for the amendment of plans to provide alternative rules for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from the plan subsequently resumes covered operations or renews an obligation to contribute under the plan. The rules may apply only to the extent that the rules are consistent with the purposes of this chapter.

Notes & Related Subsidiaries

Editorial Notes

References in Text

This chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 93–406, known as the Employee Retirement Income Security Act of 1974. Titles I, III, and IV of such Act are classified principally to this chapter. For complete classification of this Act to the Code see

Short Title

note set out under section 1001 of this title and Tables.