-'*^-/.-->r T4f^^j^:^^,-•,%.--> PUBLIC LAW 103-465—DEC. 8, 1994 108 STAT. 5035
- (i) IN GENERAL.—No actuarial assumption (other
than the assumptions described in subsection (d)(7)(C)) used to determine the current liability for a plan to which this subparagraph applies may be changed without the approval of the Secretary of the Treasury. "(ii) PLAJI^S TO WHICH SUBPARAGRAPH APPLIES. — This subparagraph shall apply to a plan only if— "(I) the plan is a defined benefit plan (other than a multiemployer plan) to which title IV applies; " (II) the aggregate unfunded vested benefits as of the close of the preceding plan year (sis determined under section 4006(a)(3)(E)(iii)) of such plan and all other plans maintained by the contributing sponsors (as defined in section 4001(a)(13)) and members of such sponsors' controlled groups (as defined in section 4001(a)(14)) which are covered by title rV (disregarding plans with no unfunded vested benefits) exceed $50,000,000; and "(III) the change in assumptions (determined after taking into account any changes in interest rate and mortality table) results in a decrease in the unfunded current HabiHty of the plan for the current plan year that exceeds $50,000,000, or that (jxceeds $5,000,000 and that is 5 percent or more of the current Uability of the plan before such change." (b) EFFECTIVE DATE. — 29 USC io82 (1) IN GENERAL. —The amendment made by this section ^°^- shall apply to changes in assimiptions for plan years beginning after October 28, 1993. (2) CERTAIN CHA^JGES CEASE TO BE EFFECTIVE.— In the case of changes in assumptions for plan years beginning afl^r December 31, 1992, and on or before October 28, 1993, such changes shall cease to be effective for plan years beginning after December 31, 1994, if— (A) such change would have required the approval of the Secretary of the Treasury had such amendment applied to such change, and (B) such change is not so approved. SEC. 763. ANTICIPATION OF BARGAINED BENEFIT INCREASES. (a) IN GENERAL.— Section 302(c) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1082(c)) is amended by adding at the end the following new paragraph: "(12) ANTICIPATION OF BENEFIT INCREASES EFFECTIVE IN THE FUTURE. —In determining projected benefits, the funding method of a collectively bargained plan described in section 413(a) of the Internal Revenue Code of 1986 (otiier than a multiemployer plan) shall anticipate benefit increases scheduled to take effect during the term of the collective bargaining agreement appHcable to the plan." (b) EFFECTIVE DATE, — The amendment made by this section 29 USC 1082 shall apply to plan years beginning after December 31, 1994 with "°^- respect to collective bargaining agreements in effect on or after January 1, 1995.
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