12 2 STA T .5093PUBLIC LA W 110 –4 5 8—DE C. 23 , 2008 Sec.205 . T e mpora r y e xt e nsi ono f t h ef u n d in g impro v ement and reha b i l itation peri - ods for multiemployer pension plans in critical and endangered status for 200 8 or 200 9 . TI T LE I — TE CHN IC A LC OR RECTION S RE - LATE D TO THE P ENSION PROTECTION ACT O F20 0 6SEC.10 0. R E F ERE N CES I N T IT L E. Forpu rpo se so fthi s tit l e
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MEN TOF1986C ODE .—T he ter m‘ ‘1 986C o d e ’ ’ me an s the I nternal R e v enue Code of 1986. ( 2 ) AMENDMENT OF E RISA .—The term ‘‘ E RI S A’’ means the Emplo y ee Retirement In c ome Security Act of 19 74 . ( 3 )2 0 06 ACT.—The term ‘‘2006 Act’’ means the P ension Protection Act of 2006. S ubti t le A—Te chn ic a lC or rection s Relate d to the Pension Protection Act o f 2006 SEC. 101. AM EN D MENTS RELATED T O TITLE I. (a) AMENDMENTS RE L ATED TO SECTIONS 101 AND 111.— (1) AMENDMENTS TO ERISA.— (A) Clause (i) of section 302(c)(1)(A) of ERISA is amended b y stri k in g ‘‘the plan is’’ and inserting ‘‘the plan are’’. ( B ) Section 302(c)(7) of ERISA is amended by inserting ‘‘ w hich reduces the accrued benefit of any participant’’ after ‘‘subsection (d)(2)’’ in subparagraph (A). (C) Section 302(d)(1) of ERISA is amended by striking ‘‘ , the valuation date,’’. (2) AMENDMENTS TO 1986 CODE.— (A) Clause (i) of section 412(c)(1)(A) of the 1986 Code is amended by striking ‘‘the plan is’’ and inserting ‘‘the plan are’’. (B) Section 412(c)(7) of the 1986 Code is amended by inserting ‘‘which reduces the accrued benefit of any participant’’ after ‘‘subsection (d)(2)’’ in subparagraph (A). (C) Section 412(d)(1) of the 1986 Code is amended by striking ‘‘, the valuation date,’’. (b) AMENDMENTS RELATED TO SECTIONS 102 AND 112.— (1) AMENDMENTS TO ERISA.— (A) Section 303(b) of ERISA is amended to read as follows: ‘‘(b) TAR G ET N ORMAL COST.—For purposes of this section: ‘‘(1) IN GENERAL.—E x cept as provided in subsection (i)(2) with respect to plans in at - risk status, the term ‘target normal cost’ means, for any plan year, the excess of— ‘‘(A) the sum of— ‘‘(i) the present value of all benefits which are expected to accrue or to be earned under the plan during the plan year, plus 29USC1083. 2 6 USC 4 12. 29 USC 1082. 26 USC 7 2 note .
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