120 STAT. 820
29 USC 1001 note.
29 USC 1021 note.
PUBLIC LAW 109–280—AUG. 17, 2006
(if any) for the plan year in which the termination date occurs, plus the aggregate total of waiver amortization installments (if any) determined for succeeding plan years under section 303(e)(2) of this Act and section 430(e)(2) of such Code,’’; (5) in section 4071 (29 U.S.C. 1371), by striking ‘‘302(f)(4)’’ and inserting ‘‘303(k)(4)’’; (6) in section 4243(a)(1)(B) (29 U.S.C. 1423(a)(1)(B)), by striking ‘‘302(a)’’ and inserting ‘‘304(a)’’, and, in clause (i), by striking ‘‘302(a)’’ and inserting ‘‘304(a)’’; (7) in section 4243(f)(1) (29 U.S.C. 1423(f)(1)), by striking ‘‘303(a)’’ and inserting ‘‘302(c)’’; (8) in section 4243(f)(2) (29 U.S.C. 1423(f)(2)), by striking ‘‘303(c)’’ and inserting ‘‘302(c)(3)’’; and (9) in section 4243(g) (29 U.S.C. 1423(g)), by striking ‘‘302(c)(3)’’ and inserting ‘‘304(c)(3)’’. (c) AMENDMENTS TO REORGANIZATION PLAN NO. 4 OF 1978.— Section 106(b)(ii) of Reorganization Plan No. 4 of 1978 (ratified and affirmed as law by Public Law 98–532 (98 Stat. 2705)) is amended by striking ‘‘302(c)(8)’’ and inserting ‘‘302(d)(2)’’, by striking ‘‘304(a) and (b)(2)(A)’’ and inserting ‘‘304(d)(1), (d)(2), and (e)(2)(A)’’, and by striking ‘‘412(c)(8), (e), and (f)(2)(A)’’ and inserting ‘‘412(c)(2) and 431(d)(1), (d)(2), and (e)(2)(A)’’. (d) REPEAL OF EXPIRED AUTHORITY FOR TEMPORARY VARIANCES.—Section 207 of such Act (29 U.S.C. 1057) is repealed. (e) EFFECTIVE DATE.—The amendments made by this section shall apply to plan years beginning after 2007.
Subtitle B—Amendments to Internal Revenue Code of 1986 SEC. 111. MINIMUM FUNDING STANDARDS. 26 USC 412.
(a) NEW MINIMUM FUNDING STANDARDS.—Section 412 of the Internal Revenue Code of 1986 (relating to minimum funding standards) is amended to read as follows: ‘‘SEC. 412. MINIMUM FUNDING STANDARDS.
‘‘(a) REQUIREMENT TO MEET MINIMUM FUNDING STANDARD.— ‘‘(1) IN GENERAL.—A plan to which this section applies shall satisfy the minimum funding standard applicable to the plan for any plan year. ‘‘(2) MINIMUM FUNDING STANDARD.—For purposes of paragraph (1), a plan shall be treated as satisfying the minimum funding standard for a plan year if— ‘‘(A) in the case of a defined benefit plan which is not a multiemployer plan, the employer makes contributions to or under the plan for the plan year which, in the aggregate, are not less than the minimum required contribution determined under section 430 for the plan for the plan year, ‘‘(B) in the case of a money purchase plan which is not a multiemployer plan, the employer makes contributions to or under the plan for the plan year which are required under the terms of the plan, and ‘‘(C) in the case of a multiemployer plan, the employers make contributions to or under the plan for any plan year which, in the aggregate, are sufficient to ensure that the
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