{"identifier":"/us/usc/t29/s1322b","title":29,"num":"\u00a7\u202f1322b.","heading":"Aggregate limit on benefits guaranteed; criteria applicable","text":"\u00a7\u202f1322b.\nAggregate limit on benefits guaranteed; criteria applicable\n(a) Notwithstanding sections 1322 and 1322a of this title, no person shall receive from the corporation pursuant to a guarantee by the corporation of basic benefits with respect to a participant under all multiemployer and single employer plans an amount, or amounts, with an actuarial value which exceeds the actuarial value of a monthly benefit in the form of a life annuity commencing at age 65 equal to the amount determined under\nsection 1322(b)(3)(B) of this title\n(b) For purposes of this section\u2014\n(1) the receipt of benefits under a multiemployer plan receiving financial assistance from the corporation shall be considered the receipt of amounts from the corporation pursuant to a guarantee by the corporation of basic benefits except to the extent provided in regulations prescribed by the corporation, and\n(2) the date on which a multiemployer plan, whether or not terminated, begins receiving financial assistance from the corporation shall be considered a date of plan termination.","url":"https://projectusc.org/usc/t29/s1322b.html","content":[{"t":"sec","id":"/us/usc/t29/s1322b","children":[{"t":"num","text":"\u00a7\u202f1322b."},{"t":"heading","text":"Aggregate limit on benefits guaranteed; criteria applicable"},{"t":"subsec","id":"/us/usc/t29/s1322b/a","children":[{"t":"num","text":"(a)"},{"t":"content","text":" Notwithstanding sections 1322 and 1322a of this title, no person shall receive from the corporation pursuant to a guarantee by the corporation of basic benefits with respect to a participant under all multiemployer and single employer plans an amount, or amounts, with an actuarial value which exceeds the actuarial value of a monthly benefit in the form of a life annuity commencing at age 65 equal to the amount determined under ","children":[{"t":"ref","text":"section 1322(b)(3)(B) of this title","href":"/us/usc/t29/s1322/b/3/B","tail":" as of the date of the last plan termination."}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t29/s1322b/b","children":[{"t":"num","text":"(b)"},{"t":"chapeau","text":" For purposes of this section\u2014"},{"t":"para","id":"/us/usc/t29/s1322b/b/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" the receipt of benefits under a multiemployer plan receiving financial assistance from the corporation shall be considered the receipt of amounts from the corporation pursuant to a guarantee by the corporation of basic benefits except to the extent provided in regulations prescribed by the corporation, and","tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1322b/b/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" the date on which a multiemployer plan, whether or not terminated, begins receiving financial assistance from the corporation shall be considered a date of plan termination.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}