§1386. Adjustment for partial withdrawal; determination of amount; reduction for partial withdrawal liability; procedures applicable — Inbound Citations
29 U.S.C. § 1386
Cited by 4 provisions in release 119-102.
Citations to 29 U.S.C. § 1386 as a whole
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(B) next, in the case of a partial withdrawal, in accordance with section 1386 of this title,
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(A) For any plan year for which the number of contribution base units with respect to which an employer who has partially withdrawn under section 1385(a)(1) of this title has an obligation to contribute under the plan equals or exceeds the number of units for the highest year determined under paragraph (1) without regard to “90 percent of”, the employer may furnish (in lieu of payment of the partial withdrawal liability determined under section 1386 of this title) a bond to the plan in the amount determined by the plan sponsor (not exceeding 50 percent of the annual payment otherwise required).
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(i) Except as provided in subparagraphs (B) and (D) of this paragraph and in paragraphs (4) and (5), an employer shall pay the amount determined under section 1391 of this title, adjusted if appropriate first under section 1389 of this title and then under section 1386 of this title over the period of years necessary to amortize the amount in level annual payments determined under subparagraph (C), calculated as if the first payment were made on the first day of the plan year following the plan year in which the withdrawal occurs and as if each subsequent payment were made on the first day of each subsequent plan year. Actual payment shall commence in accordance with paragraph (2).
Citations to §1386(a)(2)
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(ii) the fraction determined under section 1386(a)(2) of this title.