WHAT THE LAW DOINCongress, in plain words

The law › Title 29, Labor › Chapter 18

29 U.S.C. 1344: Allocation of assets

Created in 1974 by Public Law 93-406. Changed by 7 later laws. No bill we track in this Congress changes it.

7 other sections of the Code cite this one, including 29 U.S.C. 1103, 29 U.S.C. 1108, 29 U.S.C. 1301, 29 U.S.C. 1305, 29 U.S.C. 1322.

3 parts of federal rules cite it as their authority, written by Pension Benefit Guaranty Corporation (3).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2008

    • Pub. L. 110–458 redesignated subsec. (e) relating to valuation of section 1362(c) liability for determining amounts payable by corporation to participants and beneficiaries as (f). (Worker, Retiree, and Employer Recovery Act of 2008) Law text · (e), (f)

    2006

    • Pub. L. 109–280, §407(b)(1), substituted "1322(b)(5)(B)" for "1322(b)(5)". (Pension Protection Act of 2006) Law text · (a)
    • Pub. L. 109–280, §407(b)(2)(A), substituted "(4), (5)," for "(5)". (Pension Protection Act of 2006) Law text · (b)
    • Pub. L. 109–280, §407(b)(2)(B), added par. (3) and redesignated former pars. (3) to (6) as (4) to (7), respectively. (Pension Protection Act of 2006) Law text · (b)
    • Pub. L. 109–280, §408(b)(2), added subsec. (e) relating to valuation of section 1362(c) liability for determining amounts payable by corporation to participants and beneficiaries. (Pension Protection Act of 2006) Law text · (e)
    • Pub. L. 109–280, §404(b), added subsec. (e) relating to substitution of bankruptcy filing date for termination date. (Pension Protection Act of 2006) Law text · (e)

    1990

    • Pub. L. 101–508 added par. (4). · (d)

    1989

    • Pub. L. 101–239, §7894(g)(2), substituted "accrued" for "accured". · (a)
    • 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. · (b)
    • Pub. L. 101–239, §7881(e)(3), made technical correction to directory language of Pub. L. 100–203, §9311(b)(2), see 1987 Amendment note below. · (d)

    1987

    • Pub. L. 100–203, §9311(c), struck out reference to section 405(a) of title 26. · (b)
    • Pub. L. 100–203, §9311(b)(1), substituted "Subject to paragraph (3), any" for "Any". · (d)
    • Pub. L. 100–203, §9311(a)(1)(B), added par. (2). Former par. (2) redesignated (3). · (d)
    • Pub. L. 100–203, §9311(b)(2), as amended by Pub. L. 101–239, §7881(e)(3), added par. (3), and struck out former par. (3) which read as follows: "Notwithstanding the provisions of paragraph (1), if any assets of the plan attributable to employee contributions, remain after all liabil… · (d)
    • Pub. L. 100–203, §9311(a)(1)(A), redesignated former par. (2) as (3). · (d)

    1986

    • Pub. L. 99–272, §11016(c)(12), in provision preceding par. (1) struck out "defined benefit" after "single-employer". · (a)
    • Pub. L. 99–272, §11016(c)(13)(A), substituted "section 1322b(a)" for "section 1322(b)(5)". · (a)
    • Pub. L. 99–272, §11016(c)(13)(B), substituted "section 1322(b)(5)" for "section 1322(b)(6)". · (a)

    1980

    • Pub. L. 96–364, §402(a)(7)(A), inserted "single-employer" before "defined benefit". · (a)
    • Pub. L. 96–364, §402(a)(7)(B), inserted "single-employer" before "plan occurring" wherever appearing. · (c)
    • Pub. L. 96–364, §402(a)(7)(C), inserted "single-employer" after "assets of a". · (d)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.