Title 29 — LaborRelease 119-73not60

§1400 Approval of Amendments

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 › § 1400

Last updated Apr 5, 2026|Official source

Summary

If a multiemployer plan adopts an authorized amendment more than 36 months after this law took effect, the change only becomes effective if the corporation approves it or does not disapprove within 90 days after getting notice and a copy from the plan sponsor. Amendments allowed by section 1391(c)(5) must follow that section. The corporation may disapprove an amendment only if it finds the change would create an unreasonable risk of loss to plan participants, beneficiaries, or to the corporation.

Full Legal Text

Title 29, §1400

Labor — Source: USLM XML via OLRC

(a)Except as provided in subsection (b), if an amendment to a multiemployer plan authorized by any preceding section of this part is adopted more than 36 months after the effective date of this section, the amendment shall be effective only if the corporation approves the amendment, or, within 90 days after the corporation receives notice and a copy of the amendment from the plan sponsor, fails to disapprove the amendment.

(b)An amendment permitted by section 1391(c)(5) of this title may be adopted only in accordance with that section.

(c)The corporation shall disapprove an amendment referred to in subsection (a) or (b) only if the corporation determines that the amendment creates an unreasonable risk of loss to plan participants and beneficiaries or to the corporation.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

References in Text

For the

Effective Date

of this section, referred to in subsec. (a), see 1461(e)(2) of this title.

Reference

Citations & Metadata

Citation

29 U.S.C. § 1400

Title 29 — Labor

Last Updated

Apr 5, 2026

Release point: 119-73not60