Multiemployer Pension Plan Amendments of 1982

Summary

Multiemployer Pension Plan Amendments of 1982 - Amends the Employee Retirement Income Security Act of 1974 to set forth provisions relating to the applicability of multiemployer rules to trucking industry plans. Makes withdrawal liability provisions inapplicable to trucking industry plans. Repeals a special complete withdrawal rule. Makes a provision relating to transfers pursuant to a change in bargaining representative inapplicable to trucking industry plans. Makes a benefit under a trucking industry plan ineligible for the multiemployer plan benefit guarantee of the Pension Benefit Guaranty Corporation if such benefit became nonforfeitable before the plan year in which occurred September 2, 1974. Provides that specified provisions for adjustments in accrued benefits are not applicable to any such benefit. Amends a corresponding provision in the Internal Revenue Code. Establishes a trucking industry pension benefit guaranty fund. Sets forth provisions for premium rates, cessation of premium payments, and assessments in lieu of premiums. Exempts trucking industry plans from certain requirements if other requirements relating to mergers and transfers of multiemployer plans are met. Revises provisions for special withdrawal liability rules for the building and construction industry. Revises provisions for multiemployer plans employer withdrawals to provide for a limitation on withdrawal liability in cases in which withdrawal results from a change in bargaining representative and a transfer of assets and liabilities is not required. Makes conforming and technical amendments. Revises provisions for conditions under which a sale of assets does not result in withdrawal liability. Revises provisions relating to effective dates and special rules. Repeals the special rule relating to employer withdrawals from a multiemployer plan covering employees in the seagoing industry in connection with ports on the West Coast of the United States.

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1 official file

• Introduced in House

  summary · EN · 26 January 1983

  Open at official source

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