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29 U.S.C. § 1386

Adjustment for partial withdrawal; determination of amount; reduction for partial withdrawal liability; procedures applicable

United States · Title 29 — LABOR · Status: effective

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29 U.S.C. § 1386, Adjustment for partial withdrawal; determination of amount; reduction for partial withdrawal liability; procedures applicable, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/466303
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Full text

The amount of an employer’s liability for a partial withdrawal, before the application of sections 1399(c)(1) and 1405 of this title, is equal to the product of— the amount determined under section 1391 of this title, and adjusted under section 1389 of this title if appropriate, determined as if the employer had withdrawn from the plan in a complete withdrawal— a fraction which is 1 minus a fraction— the denominator of which is the average of the employer’s contribution base units for— The corporation shall prescribe such regulations as may be necessary to provide for proper adjustments in the reduction provided by paragraph (1) for—

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 93-406(H.R. 2)1974-09-02
    Employee Retirement Income Security Act of 1974
    House: no recorded tallySenate: no recorded tally
  • Amended byPub. L. 96-364(H.R. 3904)1980-09-26
    An act to amend the Employee Retirement Income Security Act of 1974, and the Internal Revenue Code of 1954 to improve retirement income security under private multiemployer pension plans by strengthening the funding requirements for those plans, to authorize plan preservation measures for financially troubled multiemployer pension plans, and to revise the manner in which the pension plan termination insurance provisions apply to multiemployer plans, and for other purposes.
    House: no recorded tallySenate: no recorded tally