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

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LegalText 29 U.S.C. § 1347 Restoration of plans us united_states_code code_section 29 LABOR 18 EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM 1347 29 U.S.C. § 1347 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/s1347 data/legal/raw/us/code/title-29/usc29.xml 09bffcb8f965331356f6365db4c6b4ea4f185d6dda8c66473550be3742261b33 123f65eaf0f6719b01d66f4a47cd03d5134b66fbd92ae96d7387b67454b98476 cf05ea78b2bd23099e53f7e3015de21b922f3260728dbfec9e1451fb5f7e49af 2026-07-04 official
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29 U.S.C. § 1347 - Restoration of plans

Text

Whenever the corporation determines that a plan which is to be terminated under section 1341 or 1342 of this title, or which is in the process of being terminated under section 1341 or 1342 of this title, should not be terminated under section 1341 or 1342 of this title as a result of such circumstances as the corporation determines to be relevant, the corporation is authorized to cease any activities undertaken to terminate the plan, and to take whatever action is necessary and within its power to restore the plan to its status prior to the determination that the plan was to be terminated under section 1341 or 1342 of this title. In the case of a plan which has been terminated under section 1341 or 1342 of this title the corporation is authorized in any such case in which the corporation determines such action to be appropriate and consistent with its duties under this subchapter, to take such action as may be necessary to restore the plan to its pretermination status, including, but not limited to, the transfer to the employer or a plan administrator of control of part or all of the remaining assets and liabilities of the plan.

(Pub. L. 93406, title IV, § 4047, Sept. 2, 1974, 88 Stat. 1028; Pub. L. 99272, title XI, § 11016(a)(3), Apr. 7, 1986, 100 Stat. 268; Pub. L. 101239, title VII, § 7893(g)(1), Dec. 19, 1989, 103 Stat. 2447.)

Notes

Editorial Notes

Amendments1989—Pub. L. 101239 struck out “under this subtitle” before “should not be terminated”. 1986—Pub. L. 99272 inserted “under section 1341 or 1342 of this title” after “terminated” in four places and substituted “section 1341 or 1342 of this title the corporation” for “section 1342 of this title the corporation”.

Statutory Notes and Related Subsidiaries

Effective Date of 1989 AmendmentAmendment by Pub. L. 101239 effective as if included in the provision of the Single-Employer Pension Plan Amendments Act of 1986, Pub. L. 99272, title XI, to which such amendment relates, see section 7893(h) of Pub. L. 101239, set out as a note under section 1002 of this title.

Effective Date of 1986 AmendmentAmendment by Pub. L. 99272 effective Jan. 1, 1986, with certain exceptions, see section 11019 of Pub. L. 99272, set out as a note under section 1341 of this title.