---
kind: "section"
citation: "29 U.S.C. § 1322b"
title: "29"
title_heading: "Labor"
number: "1322b"
heading: "Aggregate limit on benefits guaranteed; criteria applicable"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/29/1322b"
units:
  - "Chapter 18 — Employee Retirement Income Security Program"
  - "Subchapter III — Plan Termination Insurance"
  - "Subtitle B — Coverage"
---

# §1322b. Aggregate limit on benefits guaranteed; criteria applicable

- (a) Notwithstanding sections [1322](/usc/29/1322.md) and [1322a](/usc/29/1322a.md) of this title, no [person](/usc/29/1301.md?p=a-20) shall receive from the corporation pursuant to a guarantee by the corporation of [basic benefits](/usc/29/1301.md?p=a-6) 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 [section 1322(b)(3)(B) of this title](/usc/29/1322.md?p=b-3-B) as of the date of the last plan termination.
- (b) For purposes of this section—
  - (1) the receipt of benefits under a [multiemployer plan](/usc/29/1301.md?p=a-3) 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](/usc/29/1301.md?p=a-6) except to the extent provided in regulations prescribed by the corporation, and
  - (2) the date on which a [multiemployer plan](/usc/29/1301.md?p=a-3), whether or not terminated, begins receiving financial assistance from the corporation shall be considered a date of plan termination.

## Source credit

(Pub. L. 93–406, title IV, § 4022B, as added Pub. L. 96–364, title I, § 102, Sept. 26, 1980, 94 Stat. 1215.)

## Notes

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective Sept. 26, 1980, except as specifically provided, see section 1461(e) of this title.