101 STAT. 1330-340
PUBLIC LAW 100-203—DEC. 22, 1987
"In the case of plan years beginning in: ,,..f, ., 1989 and 1990 ' ' ^ ' 1991 1992 ' ' 1993 1994 1995 1996 '
• 1997 1998 1999 ,.;.,
2000 2001 and thereafter •.!'.>.
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The applicable percentage is: 5 10 15 20 30 40 50 60 70 80 90 100.
"(C) PARAGRAPH N O T TO APPLY TO EXISTING BENEFITS.—
This paragraph shall not apply to unpredictable contingent event benefits (and liabilities a t t r i b u t a b l e thereto) for '; >;.: ^ which the event occurred before October 17, 1987. "(D) SPECIAL RULE FOR FIRST YEAR OF AMORTIZATION.—
Unless the employer elects otherwise, the a m o u n t determined under subparagraph (A) for the plan year i n which the event occurs shall be equal to 150 percent of the a m o u n t determined under subparagraph (A)(i). The a m o u n t under subparagraph (A)(ii) for subsequent plan years in the amortization period shall be adjusted in the m a n n e r provided by the Secretary of the Treasury to reflect the application of t h i s subparagraph.
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"(6) SPECIAL RULES FOR SMALL P L A N S. — "(A) P L A N S W I T H lOO OR FEWER
PARTICIPANTS.—This
subsection shall not apply to any plan for any plan year if on each day during the preceding plan year such plan h a d no more than 100 participants. •:.•>: >;-.,
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"(B) P L A N S W I T H MORE THAN lOO BUT NOT MORE T H A N 1 5 0
PARTICIPANTS.—In the case of a plan to which subparagraph (A) does not apply and which on each d a y during the preceding plan year h a d no more than 150 participants, the a m o u n t of the increase under paragraph (1) for such plan year shall be equal to the product of— "(i) such increase determined without regard to this subparagraph, multiplied by • "(ii) 2 percent for the highest n u m b e r of participants in excess of 100 on any such day. "(C) A G G R E G A T I O N OF P L A N S. — For purposes of t h i s p a r a -
g r a p h, all defined benefit plans m a i n t a i n e d by the s a m e employer (or any m e m b e r of such employer's controlled group) shall be t r e a t e d as 1 plan, b u t only employees of such employer or m e m b e r shall be t a k e n into account. '(7) C U R R E N T LIABILITY.—For purposes of t h i s subsection—
"(A) IN GENERAL.—The term ' c u r r e n t liability' means all liabilities to participants and the i r beneficiaries under the plan. "(B) T R E A T M E N TO F UNPREDICTABLE CONTINGENT EVENT BENEFITS.—
"(i) IN GENERAL.—For purposes of subparagraph (A), any unpredictable contingent event benefit shall not be t a k e n into account until the event on which the benefit is contingent occurs. "(ii) UNPREDICTABLE CONTINGENT EVENT BENEFIT.—
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