Title 29 — LaborRelease 119-73not60

§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 Subtitle E— Special Provisions for Multiemployer Plans › Part 1— employer withdrawals › § 1387

Last updated Apr 5, 2026|Official source

Summary

The corporation must make rules that let an employer’s full withdrawal bill be reduced or forgiven if the employer later restarts covered work under the plan or resumes required contributions, but only when the corporation decides that doing so fits the law’s purposes. The corporation must also set a process and standards so plans can change their own rules to offer other ways to reduce or forgive the full withdrawal bill, and those plan rules may be used only if they also fit the law’s purposes.

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by regulation for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from a plan subsequently resumes covered operations under the plan or renews an obligation to contribute under the plan, to the extent that the corporation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rules for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from the plan subsequently resumes covered operations or renews an obligation to contribute under the plan.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

Apr 5, 2026

Release point: 119-73not60