{"identifier":"/us/usc/t29/s1397","title":29,"num":"\u00a7\u202f1397.","heading":"Application of part in case of certain pre-1980 withdrawals; adjustment of covered plan","text":"\u00a7\u202f1397.\nApplication of part in case of certain pre-1980 withdrawals; adjustment of covered plan\n(a) For the purpose of determining the amount of unfunded vested benefits allocable to an employer for a partial or complete withdrawal from a plan which occurs after\n(1) to work performed under a collective bargaining agreement for which there was a permanent cessation of the obligation to contribute before\nSeptember 26, 1980\n(2) to work performed at a facility at which all covered operations permanently ceased before\nSeptember 26, 1980\nshall not be taken into account.\n(b) A plan may, in a manner not inconsistent with regulations, which shall be prescribed by the corporation, adjust the amount of unfunded vested benefits allocable to other employers under a plan maintained by an employer described in subsection (a).","url":"https://projectusc.org/usc/t29/s1397.html","content":[{"t":"sec","id":"/us/usc/t29/s1397","children":[{"t":"num","text":"\u00a7\u202f1397."},{"t":"heading","text":"Application of part in case of certain pre-1980 withdrawals; adjustment of covered plan"},{"t":"subsec","id":"/us/usc/t29/s1397/a","children":[{"t":"num","text":"(a)"},{"t":"chapeau","text":" For the purpose of determining the amount of unfunded vested benefits allocable to an employer for a partial or complete withdrawal from a plan which occurs after ","children":[{"t":"text","text":"September 25, 1980","tail":", and for the purpose of determining whether there has been a partial withdrawal after such date, the amount of contributions, and the number of contribution base units, of such employer properly allocable\u2014"}]},{"t":"para","id":"/us/usc/t29/s1397/a/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" to work performed under a collective bargaining agreement for which there was a permanent cessation of the obligation to contribute before ","children":[{"t":"text","text":"September 26, 1980","tail":", or"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t29/s1397/a/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" to work performed at a facility at which all covered operations permanently ceased before ","children":[{"t":"text","text":"September 26, 1980","tail":", or for which there was a permanent cessation of the obligation to contribute before that date,"}],"tail":"\n"}],"tail":"\n\n"},{"t":"continuation","text":"shall not be taken into account.","tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t29/s1397/b","children":[{"t":"num","text":"(b)"},{"t":"content","text":" A plan may, in a manner not inconsistent with regulations, which shall be prescribed by the corporation, adjust the amount of unfunded vested benefits allocable to other employers under a plan maintained by an employer described in subsection (a).","tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}