Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 29 - Labor |
Subtitle B - Regulations Relating to Labor |
Chapter XL - Pension Benefit Guaranty Corporation |
SubChapter I - Withdrawal Liability for Multiemployer Plans |
Part 4206 - Adjustment of Liability for a Withdrawal Subsequent to a Partial Withdrawal |
§ 4206.10 - Special rule for 70-percent decline partial withdrawals.
Latest version.
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§ 4206.10 Special rule for 70-percent decline partial withdrawals.
For the purposes of applying the rules in §§ 4206.4 through 4206.9 in any case in which either the prior or subsequent partial withdrawal resulted from a 70-percent contribution decline (or a 35-percent decline in the case of certain retail food industry plans), the first year of the 3-year testing period shall be deemed to be the plan year in which the partial withdrawal occurred.