---
kind: "section"
citation: "26 U.S.C. § 9705"
title: "26"
title_heading: "Internal Revenue Code"
number: "9705"
heading: "Transfers"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/26/9705"
units:
  - "Subtitle J — Coal Industry Health Benefits"
  - "Chapter 99 — Coal Industry Health Benefits"
  - "Subchapter B — Combined Benefit Fund"
  - "Part II — Financing"
---

# §9705. Transfers

- (a) **Transfer of assets from 1950 UMWA Pension Plan—**
  - (1) **In general—** From the funds reserved under [paragraph (2)](#a-2), the board of trustees of the [1950 UMWA Pension Plan](/usc/26/9701.md?p=a-2) shall transfer to the [Combined Fund](/usc/26/9701.md?p=a-5)—
    - (A) $70,000,000 on February 1, 1993,
    - (B) $70,000,000 on October 1, 1993, and
    - (C) $70,000,000 on October 1, 1994.
  - (2) **Reservation—** Immediately upon the [enactment date](/usc/26/9701.md?p=d), the board of trustees of the [1950 UMWA Pension Plan](/usc/26/9701.md?p=a-2) shall segregate $210,000,000 from the general assets of the plan. Such funds shall be held in the plan until disbursed pursuant to [paragraph (1)](#a-1). Any interest on such funds shall be deposited into the general assets of the [1950 UMWA Pension Plan](/usc/26/9701.md?p=a-2).
  - (3) **Use of funds—** Amounts transferred to the [Combined Fund](/usc/26/9701.md?p=a-5) under [paragraph (1)](#a-1) shall—
    - (A) in the case of the transfer on February 1, 1993, be used to proportionately reduce the premium of each [assigned operator](/usc/26/9701.md?p=c-5) under [section 9704(a)](/usc/26/9704.md?p=a) for the plan year of the Fund beginning February 1, 1993, and
    - (B) in the case of any other such transfer, be used to proportionately reduce the unassigned beneficiary premium under [section 9704(a)(3)](/usc/26/9704.md?p=a-3) and the death benefit premium under [section 9704(a)(2)](/usc/26/9704.md?p=a-2) of each [assigned operator](/usc/26/9701.md?p=c-5) for the plan year in which transferred and for any subsequent plan year in which such funds remain available.

    Such funds may not be used to pay any amounts required to be paid by the [1988 agreement operators](/usc/26/9701.md?p=c-3) under [section 9704(i)(1)(B)](/usc/26/9704.md?p=i-1-B).

  - (4) **Tax treatment; validity of transfer—**
    - (A) **No deduction—** No deduction shall be allowed under this title with respect to any transfer pursuant to [paragraph (1)](#a-1), but such transfer shall not adversely affect the deductibility (under applicable provisions of this title) of contributions previously made by employers, or amounts hereafter contributed by employers, to the [1950 UMWA Pension Plan](/usc/26/9701.md?p=a-2), the [1950 UMWA Benefit Plan](/usc/26/9701.md?p=a-1-B), the [1974 UMWA Pension Plan](/usc/26/9701.md?p=a-3), the [1974 UMWA Benefit Plan](/usc/26/9701.md?p=a-1-C), the [1992 UMWA Benefit Plan](/usc/26/9701.md?p=a-4), or the [Combined Fund](/usc/26/9701.md?p=a-5).
    - (B) **Other tax provisions—** Any transfer pursuant to [paragraph (1)](#a-1)—
      - (i) shall not be treated as an employer reversion from a qualified plan for purposes of [section 4980](/usc/26/4980.md), and
      - (ii) shall not be includible in the gross income of any employer maintaining the [1950 UMWA Pension Plan](/usc/26/9701.md?p=a-2).
  - (5) **Treatment of transfer—** Any transfer pursuant to [paragraph (1)](#a-1) shall not be deemed to violate, or to be prohibited by, any provision of law, or to cause the [settlors](/usc/26/9701.md?p=b-2), joint board of trustees, employers or any related person to incur or be subject to liability, taxes, fines, or penalties of any kind whatsoever.
- (b) **Transfers—**
  - (1) **In general—** The [Combined Fund](/usc/26/9701.md?p=a-5) shall include any amount transferred to the Fund under subsections [(h)](/usc/26/402.md?p=h) and [(i)](/usc/26/402.md?p=i) of section 402 of the Surface Mining Control and Reclamation Act of 1977 ([30 U.S.C. 1232](/usc/30/1232.md)).
  - (2) **Use of funds—** Any amount transferred under [paragraph (1)](#b-1) for any fiscal year shall be used to pay benefits and administrative costs of beneficiaries of the [Combined Fund](/usc/26/9701.md?p=a-5) or for such other purposes as are specifically provided in the Act described in [paragraph (1)](#b-1).

## Source credit

(Added Pub. L. 102–486, title XIX, § 19143(a), Oct. 24, 1992, 106 Stat. 3046; amended Pub. L. 109–432, div. C, title II, § 212(a)(1), Dec. 20, 2006, 120 Stat. 3023; Pub. L. 115–141, div. U, title IV, § 401(a)(345), (346), Mar. 23, 2018, 132 Stat. 1200, 1201.)

## Notes

### Editorial Notes

### Amendments

2018—Subsec. (b)(1). Pub. L. 115–141, § 401(a)(345), substituted “1232” for “1232(h)”.

Subsec. (b)(2). Pub. L. 115–141, § 401(a)(346), substituted “Act” for “Acts”.

2006—Subsec. (b). Pub. L. 109–432, § 212(a)(1)(C), struck out “from abandoned mine reclamation fund” after “Transfers” in heading.

Subsec. (b)(1). Pub. L. 109–432, § 212(a)(1)(A), substituted “subsections (h) and (i) of section 402” for “section 402(h)”.

Subsec. (b)(2). Pub. L. 109–432, § 212(a)(1)(B), reenacted heading without change and amended text of par. (2) generally. Prior to amendment, text read as follows: “Any amount transferred under paragraph (1) for any fiscal year shall be used to proportionately reduce the unassigned beneficiary premium under section 9704(a)(3) of each assigned operator for the plan year in which transferred.”

### Statutory Notes and Related Subsidiaries

### Effective Date of 2006 Amendment

Amendment by Pub. L. 109–432 applicable to plan years of the Combined Fund beginning after Sept. 30, 2006, see section 212(a)(4) of Pub. L. 109–432, set out as a note under section 9704 of this title.