Page:United States Statutes at Large Volume 100 Part 5.djvu/860

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PUBLIC LAW 99-000—MMMM. DD, 1986

100 STAT. 4334

1 I f

CONCURRENT RESOLUTIONS—MAR. 26, 1986 1322a(g)(4)(D)) is amended by striking out 'concurrent' and inserting in lieu thereof 'joint'.". (6) SECTION II 0 0 5. — I n section 11005 of the bill, add at the end the following new subsection: "(e) TRANSITIONAL RULE.— "(1) NOTICE OF PREMIUM INCREASE.—Not

later than 30 days after the date of the enactment of this Act, the Pension Benefit Guaranty Corporation shall send a notice to the plan administrator of each single-employer plan affected by the premium increase established by the amendment made by subsection (a)(1). Such notice shall describe such increase and the requirements of this subsection. "(2) DUE DATE FOR UNPAID PREMIUMS.—With respect to

'

any

plan year beginning during the period beginning on January 1, 1986, and ending 30 days after the date of the enactment of this Act, any unpaid amount of such premium increase shall be due . and payable no later than the earlier of 60 days after the date of ^ the enactment of this Act or 30 days after the date on which the notice required by paragraph (1) is sent, except that in no event shall the amount of the premium increase established under the amendment made by subsection (a)(1) be due and payable for a plan year earlier than the date on which premiums for the plan would have been due for such plan year had this Act not been enacted. "(3) ENFORCEMENT.—For purposes of enforcement, the requirements of paragraphs (1) and (2) shall be considered to be requirements of sections 4006 and 4007 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306 and 1307).". (7) SECTION ii006(a).—In section 11006(a) of the bill, in section

204(h) of ERISA, as proposed to be added— (A) strike out "on or after the date of the enactment of the Single-Employer Pension Plan Amendments Act of .^.^^ 1985"; and .•<-'!. ^g) -j^ paragraph (2), strike out "under the plan who is a beneficiary of a deceased participant or". C (8) SECTION ii006(b).—In section 11006(b) of the bill, strike out "the date described in section 11019(a)" and insert in lieu thereof "January 1, 1986, except that, in the case of plan amendments adopted on or after January 1, 1986, and on or ' before the date of the enactment of this Act, the requirements of section 204(h) of the Employee Retirement Income Security Act of 1974 (as added by this section) shall be treated as met if the written notice required under such section 204(h) is provided before 60 days after the date of the enactment of this Act". (9) SECTION 11007(a).—In section 11007(a) of the bill, in section 4041(a)(2) of ERISA, as proposed to be amended, strike out "plan termination under subsection (b) or (c)" and insert in lieu thereof "standard termination under subsection 0?) or a distress termination under subsection (c)", and insert "of" after "case". ' (10) SECTION ii008(a).—In section 11008(a) of the bill— (A) in section 4041(b)(2)(A) of ERISA, as proposed to be amended, strike out "the termination date proposed in the •• notice" and insert in lieu thereof "the date on which the notice of intent to terminate is", and in clause (iii), strike " out "is" and insert in lieu thereof "are"; .. (B) in section 4041(b)(2)(B) of ERISA, as proposed to be