Title 29, LaborRelease 119-102

§1387 Reduction or Waiver of Complete Withdrawal Liability; Procedures and Standards Applicable

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

Last updated Aug 21, 2026|Official source

Summary

The corporation must make rules to reduce or forgive a company’s full withdrawal debt if the company later restarts covered work or starts paying into the plan again, when the corporation decides that is consistent with the law’s goals. The corporation must also set a process and standards so plans can change their own rules to allow the same kinds of reductions or waivers, but only if those plan changes also fit the law’s goals.

Full Legal Text

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by regulation for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from a plan subsequently resumes covered operations under the plan or renews an obligation to contribute under the plan, to the extent that the corporation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rules for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from the plan subsequently resumes covered operations or renews an obligation to contribute under the plan.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.

Legislative History

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.

Reference

Citations & Metadata

Citation

29 U.S.C. § 1387

Title 29, Labor

Last Updated

Aug 21, 2026

Release point: 119-102