29 U.S.C. 1054: Benefit accrual requirements

2022

• Pub. L. 117–328 added par. (6). (Consolidated Appropriations Act, 2023) Law text · (b)

2014

• Pub. L. 113–97 substituted "multiemployer plans or CSEC plans" for "multiemployer plans". (Cooperative and Small Employer Charity Pension Flexibility Act) Law text · (i)
• Pub. L. 113–235 added subsec. (k) and redesignated former subsec. (k) as (l). (Consolidated and Further Continuing Appropriations Act, 2015) Law text · (k), (l)

2008

• Pub. L. 110–458, §107(a)(2)(A), substituted "subparagraph" for "clause". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (b)
• Pub. L. 110–458, §107(a)(3), amended subcl. (II) generally. Prior to amendment, text read as follows: "An interest credit (or an equivalent amount) of less than zero shall in no event result in the account balance or similar amount being less than the aggregate amount of c… (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (b)
• Pub. L. 110–458, §107(a)(2)(B), inserted "otherwise" before "allowable". (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (b)

2006

• Pub. L. 109–280, §701(a)(1), added par. (5). (Pension Protection Act of 2006) Law text · (b)
• Pub. L. 109–280, §108(a)(5), formerly §107(a)(5), as renumbered by Pub. L. 111–192, substituted "1082(d)(2)" for "1082(c)(8)". (Pension Protection Act of 2006) Law text · (g)
• Pub. L. 109–280, §502(c)(1), inserted before period at end "and to each employer who has an obligation to contribute to the plan". (Pension Protection Act of 2006) Law text · (h)
• Pub. L. 109–280, §108(a)(6), formerly §107(a)(6), as renumbered by Pub. L. 111–192, substituted "1082(d)(2)" for "1082(c)(8)". (Pension Protection Act of 2006) Law text · (i)
• Pub. L. 109–280, §108(a)(7), formerly §107(a)(7), as renumbered by Pub. L. 111–192, substituted "funding target attainment percentage (as defined in section 1083(d)(2) of this title)" for "funded current liability percentage (within the meaning of section 1082(d)(8) of this title)". (Pension Protection Act of 2006) Law text · (i)
• Pub. L. 109–280, §108(a)(8), formerly §107(a)(8), as renumbered by Pub. L. 111–192, substituted "section 1082(b)(1) of this title, without regard to section 1082(b)(2) of this title" for "section 1082(c)(11)(A) of this title, without regard to section 1082(c)(11)(B) of this title". (Pension Protection Act of 2006) Law text · (i)
• Pub. L. 109–280, §901(b)(1), added subsec. (j) and redesignated former subsec. (j) as (k). (Pension Protection Act of 2006) Law text · (j), (k)

2002

• Pub. L. 107–147 struck out "significantly" before "reduces" and before "reducing". (Job Creation and Worker Assistance Act of 2002) Law text · (h)

2001

• Pub. L. 107–16, §645(b)(2), inserted after second sentence "The Secretary of the Treasury shall by regulations provide that this paragraph shall not apply to any plan amendment which reduces or eliminates benefits or subsidies which create significant burdens or complexities for the… (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (g)
• Pub. L. 107–16, §645(a)(2), added pars. (4) and (5). (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (g), (5)
• Pub. L. 107–16, §659(b), amended subsec. (h) generally. Prior to amendment, subsec. (h) read as follows: (Economic Growth and Tax Relief Reconciliation Act of 2001) Law text · (h)

1997

• Pub. L. 105–34 substituted "the dollar limit under section 1053(e)(1) of this title" for "$3,500". (Taxpayer Relief Act of 1997) Law text · (d)

1994

• Pub. L. 103–465 added subsec. (i) and redesignated former subsec. (i) as (j). · (i), (j)

1989

• Pub. L. 101–239, §7894(c)(4), substituted "subparagraph" for "suparagraph" in last sentence. · (b)
• Pub. L. 101–239, §7894(c)(5), substituted "term 'year of service' " for "term 'years of service' ". · (b)
• Pub. L. 101–239, §7871(a)(1), redesignated subpar. (C) as (B) and struck out former subpar. (B) which read as follows: "Subparagraph (A) shall not apply with respect to any employee who is a highly compensated employee (within the meaning of section 414(q) of title 26) to the ext… · (b)
• Pub. L. 101–239, §7871(a)(3), substituted "subparagraphs (B) and (C)" for "subparagraphs (C) and (D)". · (b)
• Pub. L. 101–239, §7871(a)(1), redesignated subpar. (D) as (C). Former subpar. (C) redesignated (B). · (b)
• Pub. L. 101–239, §7871(a)(1), redesignated subpar. (D) as (C). · (b)
• Pub. L. 101–239, §7881(m)(2)(B), inserted heading and amended text generally. Prior to amendment, text read as follows: · (c)
• Pub. L. 101–239, §7881(m)(2)(A), amended cl. (iii) generally. Prior to amendment, cl. (iii) read as follows: "interest on the sum of the amounts determined under clauses (i) and (ii) compounded annually at the rate of 120 percent of the Federal mid-term rate (as in effect un… · (c)
• Pub. L. 101–239, §7881(m)(2)(C), struck out subpar. (E) which read as follows: "The accrued benefit derived from employee contributions shall not exceed the greater of— · (c)
• Pub. L. 101–239, §7894(c)(6), removed the indentation of the term "Paragraph" where first appearing in concluding provisions. · (d)
• 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. · (g)
• Pub. L. 101–239, §7862(b)(1)(A), made technical correction to directory language of Pub. L. 99–514, §1879(u)(1), see 1986 Amendment note below. · (h)
• Pub. L. 101–239, §7862(b)(2), adjusted left-hand margin of introductory provisions to full measure. · (h)

1987

• Pub. L. 100–203, §9346(a)(1), substituted "120 percent of the Federal mid-term rate (as in effect under section 1274 of title 26 for the 1st month of a plan year)" for "5 percent per annum". · (c)
• Pub. L. 100–203, §9346(a)(2), struck out ", the rate of interest described in clause (iii) of subparagraph (C), or both," before "from time to time" in first sentence and struck out second sentence which read as follows: "The rate of interest shall bear the relationship to 5 perc… · (c)

1986

• Pub. L. 99–509, §9202(a)(1), amended subsec. (a) generally. Prior to amendment, subsec. (a) read as follows: "Each pension plan shall satisfy the requirements of subsection (b)(2), and in the case of a defined benefit plan shall also satisfy the requirements of subsection (b)(1)." · (a)
• Pub. L. 99–509, §9202(a)(2), added subpar. (H). · (b)
• Pub. L. 99–509, §9202(a)(3), added par. (2) and redesignated former pars. (2) and (3) as (3) and (4), respectively. · (b)
• Pub. L. 99–514, §1898(a)(4)(B)(ii), 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 subsection may provide that such repayment must be made before the participant has 5… · (e)
• Pub. L. 99–514, §1898(f)(2), inserted reference to section 1441. · (g)
• Pub. L. 99–514, §1898(f)(1)(B), added par. (3). · (g)
• Pub. L. 99–514, §1879(u)(1), as amended by Pub. L. 101–239, §7862(b)(1)(A), designated existing provisions as par. (1), substituted "plan described in paragraph (2)" for "single-employer plan", redesignated former pars. (1) to (3) as subpars. (A) to (C), respectively, substituted "subp… · (h)
• Pub. L. 99–272 added subsec. (h). Former subsec. (h) redesignated (i). · (h)
• Pub. L. 99–514, §1113(e)(4)(B), amended subsec. (i) generally, striking out reference to class year plans under section 1053(c)(3) of this title. · (i)
• Pub. L. 99–272 redesignated former subsec. (h) as (i). · (i)

1984

• Pub. L. 98–397, §102(e)(3), inserted ", determined without regard to section 1052(b)(5) of this title" after "section 1052(b) of this title". · (b)
• Pub. L. 98–397, §105(b), substituted "$3,500" for "$1,750". · (d)
• Pub. L. 98–397, §102(f), substituted "5 consecutive 1-year breaks in service" for "any 1-year break in service". · (e)
• Pub. L. 98–397, §301(a)(2), designated existing provisions as par. (1) and added par. (2). · (g)