29 U.S.C. 1053: Minimum vesting standards

2022

• Pub. L. 117–328, §125(b), added par. (4) and redesignated former par. (4) as (5). (Consolidated Appropriations Act, 2023) Law text · (b), (5)
• Pub. L. 117–328, §304(a), substituted "$7,000" for "$5,000". (Consolidated Appropriations Act, 2023) Law text · (e)

2008

• Pub. L. 110–458 amended subpar. (B) generally. Prior to amendment, subpar. (B) read as follows: "the requirements of section 1054(c) of this title or section 1055(g) of this title with respect to contributions other than employee contributions,". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (f)

2006

• Pub. L. 109–280, §904(b)(1), amended par. (2) generally, substituting provisions relating to satisfaction of requirements in the case of a defined benefit plan and in the case of an individual account plan for provisions relating to satisfaction of requirements if an employee who ha… (Pension Protection Act of 2006) Law text · (a)
• Pub. L. 109–280, §108(a)(4), formerly §107(a)(4), as renumbered by Pub. L. 111–192, substituted "1082(d)(2)" for "1082(c)(8)". (Pension Protection Act of 2006) Law text · (a)
• Pub. L. 109–280, §902(d)(2)(E), inserted "an erroneous automatic contribution under section 414(w) of title 26," before "or an excess aggregate contribution". (Pension Protection Act of 2006) Law text · (a)
• Pub. L. 109–280, §904(b)(2), struck out par. (4), which related to application of par. (2) in the case of matching contributions, as defined in section 401(m)(4)(A) of title 26. (Pension Protection Act of 2006) Law text · (a)
• Pub. L. 109–280, §701(a)(2), added subsec. (f). (Pension Protection Act of 2006) Law text · (f)

2004

• Pub. L. 108–311 substituted "6 or more" for "6" in table. (Working Families Tax Relief Act of 2004) Law text · (a)

2001

• Pub. L. 107–16, §633(b)(1), substituted "Except as provided in paragraph (4), a plan" for "A plan" in introductory provisions. (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (a)
• Pub. L. 107–16, §633(b)(2), added par. (4). (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (a)
• Pub. L. 107–16, §648(a)(2), added par. (4). (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (e)

1997

• Pub. L. 105–34 substituted "$5,000" for "$3,500". (Taxpayer Relief Act of 1997) Law text · (e)

1996

• Pub. L. 104–188, §1442(b)(1), substituted "subparagraph (A) or (B)" for "subparagraph (A), (B), or (C)" in introductory provisions. (Small Business Job Protection Act of 1996) Law text · (a)
• Pub. L. 104–188, §1442(b)(2), struck out subpar. (C) which read as follows: "A plan satisfies the requirements of this subparagraph if— (Small Business Job Protection Act of 1996) Law text · (a)

1994

• Pub. L. 103–465 amended par. (2) generally. Prior to amendment, par. (2) read as follows: · (e)

1989

• Pub. L. 101–239, §7861(a)(1)(A), substituted "satisfies the requirements" for "satisfies the following requirements" in introductory provisions. · (a)
• Pub. L. 101–239, §7861(a)(1)(B), substituted "section 1002(37)(A)(ii) of this title" for "section 414(f)(1)(B)". · (a)
• Pub. L. 101–239, §7894(c)(3), substituted "nonforfeitability" for "nonforfeitably". · (a)
• Pub. L. 101–239, §7861(a)(5)(B), added subpar. (F). · (a)
• Pub. L. 101–239, §7861(a)(6)(B), amended subpar. (A) generally. Prior to amendment, subpar. (A) read as follows: "years of service before age 18, except that in case of a plan which does not satisfy subparagraph (A) or (B) of subsection (a)(2), the plan may not disregard any such… · (b)
• Pub. L. 101–239, §7891(a)(1), substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (c)
• Pub. L. 101–239, §7862(d)(10), which directed amendment of par. (1) by substituting "nonforfeitable benefit" for "vested accrued benefit", could not be executed because the language "vested accrued benefit" did not appear after the amendment by Pub. L. 101–239, §7862(d)(5), see belo… · (e)
• Pub. L. 101–239, §7862(d)(5), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "If the present value of any vested accrued benefit exceeds $3,500, a pension plan shall provide that such benefit may not be immediately distributed without the consent of the participant." · (e)
• Pub. L. 101–239, §7862(d)(4), made technical correction to Pub. L. 99–514, §1898(d)(1)(B), see 1986 Amendment note below. · (e)
• Pub. L. 101–239, §7891(b)(1), (2), realigned margins of subpars. (A) and (B) and struck out subpar. (B) heading "Applicable interest rate". · (e)
• Pub. L. 101–239, §7891(a)(1), substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text. · (e)

1986

• Pub. L. 99–514, §1113(e)(1), amended par. (2) generally, substituting provisions covering 5-year vesting, 3- to 7-year vesting, and multiemployer plans, for former provisions which covered 10-year vesting, 5- to 15-year vesting, and the "rule of 45" under which a plan satisfied the … · (a)
• Pub. L. 99–514, §1898(a)(4)(B)(i), inserted last sentence and struck out former last sentence which read as follows: "In the case of a defined contribution plan the plan provision required under this clause may provide that such repayment must be made before the participant h… · (a)
• Pub. L. 99–514, §1113(e)(4)(A), substituted "3 years" for "5 years". · (c)
• Pub. L. 99–514, §1113(e)(2), struck out par. (3) which provided for class year vesting. · (c)
• Pub. L. 99–514, §1898(a)(1)(B), amended par. (3) generally. Prior to amendment, par. (3) read as follows: "The requirements of subsection (a)(2) shall be deemed to be satisfied in the case of a class year plan if such plan provides that 100 percent of each employee's right to or derived from the co… · (c)
• Pub. L. 99–514, §1898(d)(1)(B), as amended by Pub. L. 101–239, §7862(d)(4), amended par. (1) generally. Prior to amendment, par. (1) read as follows: "If the present value of any accrued benefit exceeds $3,500, such benefit shall not be treated as nonforfeitable if the plan provides… · (e)
• Pub. L. 99–514, §1139(c)(1), amended par. (2) generally. Prior to amendment, par. (2) read as follows: "For purposes of paragraph (1), the present value shall be calculated by using an interest rate not greater than the interest rate which would be used (as of the date of the distri… · (e)
• Pub. L. 99–514, §1898(d)(2)(B), added par. (3). · (e)

1984

• Pub. L. 98–397, §102(b), substituted "18" for "22". · (b)
• Pub. L. 98–397, §102(c), substituted "5 consecutive 1-year breaks in service" for "any 1-year break in service" and substituted "such 5-year period" for "such break" in two places. · (b)
• Pub. L. 98–397, §102(d)(2), amended subpar. (D) generally. Prior to amendment, subpar. (D) read as follows: "For purposes of paragraph (1), in the case of a participant who, under the plan, does not have any nonforfeitable right to an accrued benefit derived from employer contrib… · (b)
• Pub. L. 98–397, §102(e)(2), added subpar. (E). · (b)
• Pub. L. 98–397, §105(a), added subsec. (e). · (e)

1980

• Pub. L. 96–364, §303(1), added subpar. (E). · (a)
• Pub. L. 96–364, §303(2)–(4), added subpar. (G). · (b)