[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 1600 Introduced in Senate (IS)]







105th CONGRESS
  2d Session
                                S. 1600

  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.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 3, 1998

  Mrs. Boxer introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 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.
                                 <all>