88 STAT. ]
PUBLIC LAW 93-406-SEPT. 2, 1974
829
Public Law 93-406 AN ACT
September 2, 1974
To provide for pension reform,
I^H. R. 2 ]
Be it enacted by the Senate and House of Representatives United States of America in Congress assembled, SHORT TITLE A N D
TABLE OF
of the
CONTENTS
1. This Act may be cited as the "Employee Eetirement Income Security Act of 1974". SECTION
TABLE
OF
CONTENTS
Sec. 1. Short title and table of contents. TITLE I—PROTECTION OF EMPLOYEE B E N E F I T
RIGHTS
Subtitle A—General Provisions Sec. 2. Findings and declaration of policy. Sec. 3. Definitions. Sec. 4. Coverage. Subtitle B—Regulatory Provisions PART 1—REPORTING AND DISCLOSURE
Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.
101. 102. 103. 104. 105. 106. 107. 108. 109. 110. 111.
Duty of disclosure and reporting. P l a n description and summary plan description. Annual reports. Filing with Secretary and furnishing information to participants. Reporting of participant's benefit rights. Reports made public information. Retention of records. Reliance on administrative interpretations. Forms. Alternative methods of compliance. Repeal and effective date. PART 2—PARTICIPATION AND VESTING
Sec. Sec. Sec. Sec. Sec. Sec. Sec, Sec, Sec. Sec.
201, 202, 203. 204. 205. 206. 207, 208. 209. 210.
Coverage. Minimum participation standard s. Minimum vesting standard s. Benefit accrual requirements. Joint and survivor annuity requirement. Other provisions relating to form and payment of benefits. Temporary variances from certain vesting requirements. Mergers and consolidations of plans or transfers of plan assets. Recordkeeping and reporting requirements. P l a n s maintained by more than one employer, predecessor plans, and employer groups. Sec, 211. Effective dates. PART 3—^FUNDING
Sec. Sec. Sec. Sec. Sec. Sec,
301. 302. 303. 304. 305. 306.
Coverage. Minimum funding standard s. "Variance from minimum funding standard. Extension of amortization periods. Alternative minimum funding standard. Effective dates. PART 4—FIDUCIARY R E S P O N S I B I U T Y
Sec. Sec, Sec, Sec. Sec. Sec. Sec.
401. 402, 403, 404. 405. 406. 407.
Coverage. Establishment of plan. Establishment of t r u s t. Fiduciary duties. Liability for breach by co-fiduciary. Prohibited transactions. 10 percent limitation with respect to acquisition and holding of employer securities and employer real property by certain plans.
tJ^eniincfll Security Act of ^^7"^29 USC 1001 note.
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