§1361 — Title 29 Labor | U.S. Code

Summary

The corporation must pay benefits for single-employer pension plans that end, following the limits and rules in subtitle B of this subchapter. It must also give financial help to multiemployer plans that are insolvent under sections 1426 or 1441(d)(2)(A), following the limits and rules in subtitles B, C, and E. Amounts guaranteed under sections 1322 and 1322a must be paid only from the appropriate fund. Supplemental-program payments that reimburse multiemployer plans for withdrawal liability that cannot be collected must come only from the fund established by section 1305(e).

Title 29, §1361

Labor — Source: USLM XML via OLRC

The corporation shall pay benefits under a single-employer plan terminated under this subchapter subject to the limitations and requirements of subtitle B of this subchapter. The corporation shall provide financial assistance to pay benefits under a multiemployer plan which is insolvent under section 1426 or 1441(d)(2)(A) of this title, subject to the limitations and requirements of subtitles B, C, and E of this subchapter. Amounts guaranteed by the corporation under section 1322 and 1322a of this title shall be paid by the corporation only out of the appropriate fund. The corporation shall make payments under the supplemental program to reimburse multiemployer plans for uncollectible withdrawal liability only out of the fund established under section 1305(e) of this title.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1980—Pub. L. 96–364 substituted provisions relating to payment of benefits under a single-employer plan terminated under this subchapter subject to limitations and requirements of subtitle B of this subchapter for provisions relating to payment of benefits under a plan terminated under this subchapter subject to limitations and requirements of subtitle B of this subchapter.

Statutory Notes and Related Subsidiaries

Effective Date

of 1980 AmendmentAmendment by Pub. L. 96–364 effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.

§1361 Amounts Payable by Corporation