---
kind: "section"
citation: "29 U.S.C. § 1415"
title: "29"
title_heading: "Labor"
number: "1415"
heading: "Transfers pursuant to change in bargaining representative"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/29/1415"
units:
  - "Chapter 18 — Employee Retirement Income Security Program"
  - "Subchapter III — Plan Termination Insurance"
  - "Subtitle E — Special Provisions for Multiemployer Plans"
  - "Part 2 — merger or transfer of plan assets or liabilities"
---

# §1415. Transfers pursuant to change in bargaining representative

- (a) **Authority to transfer from old plan to new plan pursuant to employee participation in another multiemployer plan after certified change of representative—** In any case in which an employer has completely or partially withdrawn from a [multiemployer plan](/usc/29/1301.md?p=a-3) (hereafter in this section referred to as the “old plan”) as a result of a certified change of collective bargaining representative occurring after September 25, 1980, if participants of the old plan who are employed by the employer will, as a result of that change, participate in another [multiemployer plan](/usc/29/1301.md?p=a-3) (hereafter in this section referred to as the “new plan”), the old plan shall transfer assets and liabilities to the new plan in accordance with this section.
- (b) **Notification by employer of plan sponsor of old plan; notification by plan sponsor of old plan of employer and plan sponsor of new plan; appeal by new plan to prevent transfer; further proceedings—**
  - (1) The employer shall notify the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan of a change in [multiemployer plan](/usc/29/1301.md?p=a-3) participation described in [subsection (a)](#a) no later than 30 days after the employer determines that the change will occur.
  - (2) The [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan shall—
    - (A) notify the employer of—
      - (i) the amount of the employer’s withdrawal liability determined under part 1 of this subtitle with respect to the withdrawal,
      - (ii) the old plan’s intent to transfer to the new plan the [nonforfeitable benefits](/usc/29/1301.md?p=a-8) of the [employees](/usc/29/1083.md?p=c-7-D-vi) who are no longer working in covered service under the old plan as a result of the change of bargaining representative, and
      - (iii) the amount of assets and liabilities which are to be transferred to the new plan, and
    - (B) notify the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the new plan of the benefits, assets, and liabilities which will be transferred to the new plan.
  - (3) Within 60 days after receipt of the notice described in [paragraph (2)(B)](#b-2-B), the new plan may file an appeal with the corporation to prevent the transfer. The transfer shall not be made if the corporation determines that the new plan would suffer substantial financial harm as a result of the transfer. Upon notification described in [paragraph (2)](#b-2), if—
    - (A) the employer fails to object to the transfer within 60 days after receipt of the notice described in [paragraph (2)(A)](#b-2-A), or
    - (B) the new plan either—
      - (i) fails to file such an appeal, or
      - (ii) the corporation, pursuant to such an appeal, fails to find that the new plan would suffer substantial financial harm as a result of the transfer described in the notice under [paragraph (2)(B)](#b-2-B) within 180 days after the date on which the appeal is filed,

    then the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan shall transfer the appropriate amount of assets and liabilities to the new plan.

- (c) **Reduction of amount of withdrawal liability of employer upon transfer of appropriate amount of assets and liabilities by plan sponsor of old plan to new plan—** If the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan transfers the appropriate amount of assets and liabilities under this section to the new plan, then the amount of the employer’s withdrawal liability (as determined under [section 1381(b) of this title](/usc/29/1381.md?p=b) without regard to such transfer and this section) with respect to the old plan shall be reduced by the amount by which—
  - (1) the value of the unfunded vested benefits allocable to the employer which were transferred by the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan to the new plan, exceeds
  - (2) the value of the assets transferred.
- (d) **Escrow payments by employer upon complete or partial withdrawal and prior to transfer—** In any case in which there is a complete or [partial withdrawal](/usc/29/1381.md?p=b-3) described in [subsection (a)](#a), if—
  - (1) the new plan files an appeal with the corporation under [subsection (b)(3)](#b-3), and
  - (2) the employer is required by [section 1399 of this title](/usc/29/1399.md) to begin making payments of withdrawal liability before the earlier of—
    - (A) the date on which the corporation finds that the new plan would not suffer substantial financial harm as a result of the transfer, or
    - (B) the last day of the 180-day period beginning on the date on which the new plan files its appeal,

  then the employer shall make such payments into an escrow held by a bank or similar financial institution satisfactory to the old plan. If the transfer is made, the amounts paid into the escrow shall be returned to the employer. If the transfer is not made, the amounts paid into the escrow shall be paid to the old plan and credited against the employer’s withdrawal liability.

- (e) **Prohibition on transfer of assets to new plan by plan sponsor of old plan; exemptions—**
  - (1) Notwithstanding [subsection (b)](#b), the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) shall not transfer any assets to the new plan if—
    - (A) the old plan is in reorganization (within the meaning of section 1421(a)[^1] of this title), or
    - (B) the transfer of assets would cause the old plan to go into reorganization (within the meaning of section 1421(a)[^1] of this title).
  - (2) In any case in which a transfer of assets from the old plan to the new plan is prohibited by [paragraph (1)](#e-1), the [plan sponsor](/usc/29/1083.md?p=c-7-F-i) of the old plan shall transfer—
    - (A) all [nonforfeitable benefits](/usc/29/1301.md?p=a-8) described in [subsection (b)(2)](#b-2), if the value of such benefits does not exceed the withdrawal liability of the employer with respect to such withdrawal, or
    - (B) such [nonforfeitable benefits](/usc/29/1301.md?p=a-8) having a value equal to the withdrawal liability of the employer, if the value of such benefits exceeds the withdrawal liability of the employer.
- (f) **Agreement between plan sponsors of old plan and new plan to transfer in compliance with other statutory provisions; reduction of withdrawal liability of employer from old plan; amount of withdrawal liability of employer to new plan—**
  - (1) Notwithstanding subsections [(b)](#b) and [(e)](#e), the [plan sponsors](/usc/29/1083.md?p=c-7-F-i) of the old plan and the new plan may agree to a transfer of assets and liabilities that complies with sections [1411](/usc/29/1411.md) and [1414](/usc/29/1414.md) of this title, rather than this section, except that the employer’s liability with respect to the withdrawal from the old plan shall be reduced under [subsection (c)](#c) as if assets and liabilities had been transferred in accordance with this section.
  - (2) If the employer withdraws from the new plan within 240 months after the effective date of a transfer of assets and liabilities described in this section, the amount of the employer’s withdrawal liability to the new plan shall be the greater of—
    - (A) the employer’s withdrawal liability determined under part 1 of this subtitle with respect to the new plan, or
    - (B) the amount by which the employer’s withdrawal liability to the old plan was reduced under [subsection (c)](#c), reduced by 5 percent for each 12-month period following the effective date of the transfer and ending before the date of the withdrawal from the new plan.
- (g) **Definitions—** For purposes of this section—
  - (1) “appropriate amount of assets” means the amount by which the value of the [nonforfeitable benefits](/usc/29/1301.md?p=a-8) to be transferred exceeds the amount of the employer’s withdrawal liability to the old plan (determined under part 1 of this subtitle without regard to [section 1391(e) of this title](/usc/29/1391.md?p=e)), and
  - (2) “certified change of collective bargaining representative” means a change of collective bargaining representative certified under the Labor-Management Relations Act, 1947 [[29 U.S.C. 141](/usc/29/141.md) et seq.], or the Railway Labor Act [[45 U.S.C. 151](/usc/45/151.md) et seq.].

## Footnotes

[^1]: See References in Text note below.

## Source credit

(Pub. L. 93–406, title IV, § 4235, as added Pub. L. 96–364, title I, § 104(2), Sept. 26, 1980, 94 Stat. 1247; amended Pub. L. 98–369, div. A, title V, § 558(b)(1)(A), July 18, 1984, 98 Stat. 899.)

## Notes

### Editorial Notes

### References in Text

Section 1421 of this title, referred to in subsec. (e)(1), was repealed by Pub. L. 113–235, div. O, title I, § 108(a)(1), Dec. 16, 2014, 128 Stat. 2786.

The Labor-Management Relations Act, 1947, referred to in subsec. (g)(2), is act June 23, 1947, ch. 120, 61 Stat. 136, which is classified principally to chapter 7 (§ 141 et seq.) of this title. For complete classification of this Act to the Code, see section 141 of this title and Tables.

The Railway Labor Act, referred to in subsec. (g)(2), is act May 20, 1926, ch. 347, 44 Stat. 577, which is classified principally to chapter 8 (§ 151 et seq.) of Title 45, Railroads. For complete classification of this Act to the Code, see section 151 of Title 45 and Tables.

### Amendments

1984—Subsec. (a). Pub. L. 98–369 substituted “September 25, 1980” for “April 28, 1980”.

### Statutory Notes and Related Subsidiaries

### Effective Date

Section effective Sept. 26, 1980, see section 1461(e)(4) of this title.