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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 29 U.S.C. § 1387 Reduction or waiver of complete withdrawal liability; procedures and standards applicable us united_states_code code_section 29 LABOR 18 EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM 1387 29 U.S.C. § 1387 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc29@119-100.zip /us/usc/t29/s1387 data/legal/raw/us/code/title-29/usc29.xml a8239492e6e3520e82b277492bfd1c9bdfe70518597f24b3c22a9979f33cb8d4 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 70df5e3b23ce689590b9c4ecec8ca7793546aa82188c625b4e0bdfcb2ba505c5 2026-07-04 official
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29 U.S.C. § 1387 - Reduction or waiver of complete withdrawal liability; procedures and standards applicable

Text

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by regulation for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from a plan subsequently resumes covered operations under the plan or renews an obligation to contribute under the plan, to the extent that the corporation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rules for the reduction or waiver of liability for a complete withdrawal in the event that an employer who has withdrawn from the plan subsequently resumes covered operations or renews an obligation to contribute under the plan.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

(Pub. L. 93406, title IV, § 4207, as added Pub. L. 96364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1223.)

Notes

Editorial Notes

References in TextThis chapter, referred to in text, was in the original “this Act”, meaning Pub. L. 93406, 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.