[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1320 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 1320

  To amend the Internal Revenue Code of 1986 to waive in the case of 
     multiemployer plans the section 415 limit on benefits to the 
        participant's average compensation for his high 3 years.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 1997

Mr. Visclosky introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to waive in the case of 
     multiemployer plans the section 415 limit on benefits to the 
        participant's average compensation for his high 3 years.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. TREATMENT OF MULTIEMPLOYER PLANS UNDER SECTION 415 LIMIT ON 
              BENEFITS.

    Paragraph (11) of section 415(b) of the Internal Revenue Code of 
1986 (relating to special limitation rule for governmental plans) is 
amended--
            (1) in the heading, by inserting ``and multiemployer 
        plans'' after ``governmental plans''; and
            (2) by inserting ``or a multiemployer plan (as defined in 
        section 414(f))'' after ``governmental plan (as defined in 
        section 414(d))''.

SEC. 2. EFFECTIVE DATE.

    The amendments made by section 1 shall apply to plan years 
beginning after December 31, 1997.
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