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2026-07-06 10:51:44 -04:00

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LegalText 29 U.S.C. § 1322b Aggregate limit on benefits guaranteed; criteria applicable us united_states_code code_section 29 LABOR 18 EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM 1322b 29 U.S.C. § 1322b 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/s1322b data/legal/raw/us/code/title-29/usc29.xml 66f0d9f01cb4c4a33cea7c0920e81a31576f909bfac2b21cd4d59fd5824a8bf5 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 05b59fc82f66d7956f399f2dc2dc97b4e6b8ee45224c96fe8256ed712ef3ce70 2026-07-04 official
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29 U.S.C. § 1322b - Aggregate limit on benefits guaranteed; criteria applicable

Text

(a) Notwithstanding sections 1322 and 1322a of this title, no person shall receive from the corporation pursuant to a guarantee by the corporation of basic benefits with respect to a participant under all multiemployer and single employer plans an amount, or amounts, with an actuarial value which exceeds the actuarial value of a monthly benefit in the form of a life annuity commencing at age 65 equal to the amount determined under section 1322(b)(3)(B) of this title as of the date of the last plan termination.

(b) For purposes of this section—

(1) the receipt of benefits under a multiemployer plan receiving financial assistance from the corporation shall be considered the receipt of amounts from the corporation pursuant to a guarantee by the corporation of basic benefits except to the extent provided in regulations prescribed by the corporation, and

(2) the date on which a multiemployer plan, whether or not terminated, begins receiving financial assistance from the corporation shall be considered a date of plan termination.

(Pub. L. 93406, title IV, § 4022B, as added Pub. L. 96364, title I, § 102, Sept. 26, 1980, 94 Stat. 1215.)

Notes

Statutory Notes and Related Subsidiaries

Effective Date Section effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.