29 U.S.C. § 1461: Effective date; special rules

The provisions of this subchapter take effect on September 2, 1974 . which is not a multiemployer plan, which terminates after June 30, 1974 , and before September 2, 1974 , to which section 1321 of this title would apply if that section were effective beginning on July 1, 1974 , and with respect to which a notice is filed with the Secretary of Labor and received by him not later than 10 days after September 2, 1974 , except that, for reasonable cause shown, such notice may be filed with the Secretary of Labor and received by him not later than October 31, 1974 , stating that the plan is a plan described in paragraphs (1), (2), and (3). Except as provided in paragraphs (2), (3), and (4), the corporation shall not pay benefits guaranteed under this subchapter with respect to a multiemployer plan which terminates before August 1, 1980 . Whenever the corporation exercises the authority granted under paragraph (2) or (3), the corporation shall notify the Committee on Education and Labor and the Committee on Ways and Means of the House of Representatives, and the Committee on Labor and Public Welfare and the Committee on Finance of the Senate. the plan was maintained during the 60 months immediately preceding the date on which the plan terminates, and the corporation determines that the payment by the corporation of benefits guaranteed under this subchapter with respect to that plan will not jeopardize the payments the corporation anticipates it may be required to make in connection with benefits guaranteed under this subchapter with respect to multiemployer plans which terminate after July 31, 1980 . the plan has been in effect for at least 5 years, the plan has been in substantial compliance with the funding requirements for a qualified plan with respect to the employees and former employees in those employment units on the basis of which the participating employers have contributed to the plan for the preceding 5 years, and the participating employers and employee organization or organizations had no reasonable recourse other than termination. may establish requirements for the continuation of payments which commenced before January 2, 1974 , with respect to retired participants under the plan, may not, notwithstanding any other provision of this subchapter, make payments with respect to any participant under such a plan who, on January 1, 1974 , was receiving payment of retirement benefits, in excess of the amounts and rates payable with respect to such participant on that date, shall review from time to time payments made under the authority granted to it by paragraphs (2) and (3), and reduce or terminate such payments to the extent necessary to avoid jeopardizing the ability of the corporation to make payments of benefits guaranteed under this subchapter in connection with multiemployer plans which terminate after July 31, 1980 , without increasing premium rates for such plans. Notwithstanding any other provision of this subchapter, guaranteed benefits payable by the corporation pursuant to its discretionary authority under this section shall continue to be paid at the level guaranteed under section 1322 of this title , without regard to any limitation on payment under subparagraph (C) of subsection (c)(4). Except as provided in paragraphs (2), (3), and (4), the amendments to this chapter made by the Multiemployer Pension Plan Amendments Act of 1980 shall take effect on September 26, 1980 . Except as provided in this paragraph, part 1 of subtitle E, relating to withdrawal liability, takes effect on September 26, 1980 . For purposes of determining withdrawal liability under part 1 of subtitle E, an employer who has withdrawn from a plan shall be considered to have withdrawn from a multiemployer plan if, at the time of the withdrawal, the plan was a multiemployer plan as defined in section 1301(a)(3) of this title as in effect at the time of the withdrawal. the date on which the last collective bargaining agreement providing for employer contributions under the plan, which was in effect on September 26, 1980 , expires, without regard to extensions agreed to on or after September 26, 1980 , or 3 years after September 26, 1980 . Section 1415 of this title shall take effect on September 26, 1980 . an employer has withdrawn from a multiemployer plan under section 1363 of this title , and the employer is liable to the corporation under such section, In any case in which the plan is not so terminated within the period described in paragraph (1), the liability of the employer is abated and any payment held in escrow shall be refunded without interest to the employer or the employer’s bond shall be cancelled. apply section 1363(d) of this title , as in effect before the amendments made by the Multiemployer Pension Plan Amendments Act of 1980, to such plan, assess liability against the withdrawn employer with respect to the resulting terminated plan, guarantee benefits under the terminated plan under section 1322 of this title , as in effect before such amendments, and if necessary, enforce such action through suit brought under section 1303 of this title . The corporation shall use the revolving fund used by the corporation with respect to basic benefits guaranteed under section 1322a of this title in guaranteeing benefits under a terminated plan described in this subsection. which was effective on January 12, 1979 , and which remained in effect through May 15, 1982 , and under which contributions to a multiemployer plan were to cease on January 12, 1982 , had ceased all covered operations under a multiemployer plan before June 30, 1981 , and had relocated its operations to a new facility in another State, and had notified a local union representative on May 14, 1980 , that the employer had tentatively decided to discontinue operations and relocate to a new facility in another State, and all State and local approvals with respect to construction of and commencement of operations at the new facility had been obtained, a contract for construction had been entered into, and construction of the new facility had begun before September 26, 1980 , The preceding provisions of this section shall not apply with respect to amendments made to this subchapter in provisions enacted after October 22, 1986 . Except as otherwise provided in the amendments made by this Act [see Short Title of 1980 Amendment note set out under section 1001 of this title ] and in subsection (b), if the way in which any such amendment will apply to a particular circumstance is to be set forth in regulations, any reasonable action during the period before such regulations take effect shall be treated as complying with such regulations for such period. Subsection (a) shall not apply to any action which violates any instruction issued, or temporary rule prescribed, by the agency having jurisdiction but only if such instruction or rule was published, or furnished to the party taking the action, before such action was taken.”