,,ii #aaf? ,,congress #a/ ,session ,s4 #bg ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #c1 #bjai,mr4 ,man*9 7= himself1 ,mr4 ,ka9e1 ,mr4 ,w>n]1 ,mr4 ,br[n1 ,mr4 ,jones1 & ,mr4 ,casey7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to am5d ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg to transf] c]ta9 funds to ! #aigd ,unit$ ,m9e ,work]s ( ,am]ica ,p5sion ,plan1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,m9]s ,act ( #bjai4 #b4 ,transf]s to #aigd ,,umwa ,p5sion ,plan 7a7 ,9 g5]al ,subsection 7i7 ( section #djb ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abcb71 z am5d$ by ! ,fur!r ,cont9u+ & ,security ,assi/ance ,appropriations ,act1 #bjag1 is am5d$-- 7#a7 9 p>agraph 7#c77;,a71 by /rik+ #dij1jjj1jjj & ins]t+ #gej1jjj1jjj2 7#b7 by r$esignat+ p>agraph 7#d7 z p>agraph 7#e72 & 7#c7 by ins]t+ aft] p>agraph 7#c7 ! foll[+3 7#d7 ,additional am\nts 7,a7 ,calculation ,if ! doll> limitation specifi$ 9 p>agraph 7#c77;,a7 exce$s ! aggregate am\nt requir$ to be transf]r$ "u p>agraphs 7#a7 & 7#b7 = a fiscal ye>1 ! ,secret>y ( ! ,treasury %all transf] an additional am\nt equal to ! diff]5ce betwe5 su* doll> limitation & su* aggregate am\nt to ! tru/ees ( ! #aigd ,,umwa ,p5sion ,plan to pay b5efits requir$ "u t plan4 7,b7 ,cessation ( transf]s ,! transf]s describ$ 9 subp>agraph 7,a7 %all cease z ( ! fir/ fiscal ye> beg9n+ aft] ! fir/ plan ye> = :i* ! fund$ p]c5tage 7z def9$ 9 section #dcb7;j77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 ( ! #aigd ,,umwa ,p5sion ,plan is at lea/ #ajj p]c5t4 7,c7 ,prohibition on b5efit increases1 etc ,dur+ a fiscal ye> 9 :i* ! #aigd ,,umwa ,p5sion ,plan is receiv+ transf]s "u subp>agraph 7,a71 no am5dm5t ( su* plan :i* increases ! liabilities ( ! plan by reason ( any increase 9 b5efits1 any *ange 9 ! accrual ( b5efits1 or any *ange 9 ! rate at :i* b5efits become non=feitable "u ! plan may be adopt$ unless ! am5dm5t is requir$ z a condition ( qualification "u "p ,i ( sub*apt] ,d ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf4 7,d7 ,treatm5t ( transf]s = purposes ( )drawal liability "u ,,erisa ,! am\nt ( any transf] made "u subp>agraph 7,a7 7& any e>n+s attributable !reto7 %all be disreg>d$ 9 det]m9+ ! unfund$ ve/$ b5efits ( ! #aigd ,,umwa ,p5sion ,plan & ! allocation ( su* unfund$ ve/$ b5efits to an employ] = purposes ( det]m9+ ! employ]'s )drawal liability "u section #dbja ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd4 7,e7 ,requirem5t to ma9ta9 contribution rate ,a transf] "u subp>agraph 7,a7 %all n be made = a fiscal ye> unless ! p]sons t are obligat$ to contribute to ! #aigd ,,umwa ,p5sion ,plan on ! date ( ! transf] are obligat$ to make ! contributions at rates t are no less ?an ^? 9 effect on ! date :i* is #cj days be=e ! date ( enactm5t ( ! ,am]ican ,m9]s ,act ( #bjai4 7,f7 ,enhanc$ annual report+ 7i7 ,9 g5]al ,n lat] ?an ! #ij? day ( ea* plan ye> beg9n+ aft] ! date ( enactm5t ( ! ,am]ican ,m9]s ,act ( #bjai1 ! tru/ees ( ! #aigd ,,umwa ,p5sion ,plan %all file ) ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate & ! ,p5sion ,b5efit ,gu>anty ,corporation a report 7includ+ appropriate docum5tation & actu>ial c]tifications f ! plan actu>y1 z requir$ by ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate7 t conta9s-- 7,i7 :e!r ! plan is 9 endang]$ or critical /atus "u section #cje ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd & section #dcb ( ! ,int]nal ,rev5ue ,code ( #aihf z ( ! fir/ day ( su* plan ye>2 7,,ii7 ! fund$ p]c5tage 7z def9$ 9 section #dcb7;j77#b7 ( su* ,code7 z ( ! fir/ day ( su* plan ye>1 & ! und]ly+ actu>ial value ( assets & liabilities tak5 into acc\nt 9 det]m9+ su* p]c5tage2 7,,iii7 ! m>ket value ( ! assets ( ! plan z ( ! la/ day ( ! plan ye> prec$+ su* plan ye>2 7,,iv7 ! total value ( all contributions made dur+ ! plan ye> prec$+ su* plan ye>2 7,v7 ! total value ( all b5efits paid dur+ ! plan ye> prec$+ su* plan ye>2 7,,vi7 ca% fl[ projections = su* plan ye> & ei!r ! #f or #aj succe$+ plan ye>s1 at ! election ( ! tru/ees1 & ! assumptions reli$ ^u 9 mak+ su* projections2 7,,vii7 fund+ /&>d acc\nt projections = su* plan ye> & ! #i succe$+ plan ye>s1 & ! assumptions reli$ ^u 9 mak+ su* projections2 7,,viii7 ! total value ( all inve/m5t ga9s or losses dur+ ! plan ye> prec$+ su* plan ye>2 7,,ix7 any significant r$uction 9 ! numb] ( active p>ticipants dur+ ! plan ye> prec$+ su* plan ye>1 & ! reason = su* r$uction2 7,x7 a li/ ( employ]s t )drew f ! plan 9 ! plan ye> prec$+ su* plan ye>1 & ! result+ r$uction 9 contributions2 7,,xi7 a li/ ( employ]s t paid )drawal liability to ! plan dur+ ! plan ye> prec$+ su* plan ye> &1 = ea* employ]1 a total assessm5t ( ! )drawal liability paid1 ! annual paym5t am\nt1 & ! numb] ( ye>s rema9+ 9 ! paym5t s*$ule ) respect to su* )drawal liability2 7,,xii7 any mat]ial *anges to b5efits1 accrual rates1 or contribution rates dur+ ! plan ye> prec$+ su* plan ye>2 7,,xiii7 any s*$ul$ b5efit increase or decrease 9 ! plan ye> prec$+ su* plan ye> hav+ a mat]ial effect on liabilities ( ! plan2 7,,xiv7 details reg>d+ any fund+ improvem5t plan or rehabilitation plan & updates to su* plan2 7,,xv7 ! numb] ( p>ticipants & b5efici>ies dur+ ! plan ye> prec$+ su* plan ye> :o are active p>ticipants1 ! numb] ( p>ticipants & b5efici>ies 9 pay /atus1 & ! numb] ( t]m9at$ ve/$ p>ticipants & b5efici>ies2 7,,xvi7 ! in=mation conta9$ on ! mo/ rec5t annual fund+ notice submitt$ by ! plan "u section #aja7;f7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd2 7,,xvii7 ! in=mation conta9$ on ! mo/ rec5t ,dep>tm5t ( ,labor ,=m #eejj ( ! plan2 & 7,,xviii7 copies ( ! plan docum5t & am5dm5ts1 o!r retirem5t b5efit or ancill>y b5efit plans relat+ to ! plan & contribution obligations "u su* plans1 a breakd[n ( adm9i/rative exp5ses ( ! plan1 p>ticipant c5sus data & di/ribution ( b5efits1 ! mo/ rec5t actu>ial valuation report z ( ! plan ye>1 copies ( collective b>ga9+ agreem5ts1 & f9ancial reports1 & su* o!r in=mation z ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate1 9 consultation ) ! ,secret>y ( ,labor & ! ,director ( ! ,p5sion ,b5efit ,gu>anty ,corporation1 may require4 7ii7 ,electronic submission ,! report requir$ "u clause 7i7 %all be submitt$ electronically4 7iii7 ,in=mation %>+ ,! ,secret>y ( ! ,treasury or ! ,secret>y's delegate %all %>e ! in=mation 9 ! report "u clause 7i7 ) ! ,secret>y ( ,labor4 7iv7 ,p5alty ,any failure to file ! report requir$ "u clause 7i7 on or be=e ! date describ$ 9 su* clause %all be treat$ z a failure to file a report requir$ to be fil$ "u section #fjeh7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 except t section #ffeb7;e7 ( su* ,code %all be appli$ ) respect to any su* failure by sub/itut+ #ajj = #be4 ,! prec$+ s5t5ce %all n apply if ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate det]m9es t reasonable dilig5ce has be5 ex]cis$ by ! tru/ees ( su* plan 9 attempt+ to timely file su* report4 7,g7 #aigd ,,umwa ,p5sion ,plan def9$ ,= purposes ( ?is p>agraph1 ! t]m #aigd ,,umwa ,p5sion ,plan has ! mean+ giv5 ! t]m 9 section #igja7;a77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 b )\t reg>d to ! limitation on p>ticipation to individuals :o retir$ 9 #aigf & !reaft]4 4 7b7 ,effective dates 7#a7 ,9 g5]al ,! am5dm5ts made by ?is section %all apply to fiscal ye>s beg9n+ aft] ,septemb] #cj1 #bjaf4 7#b7 ,report+ requirem5ts ,section #djb7;i77#d77;,f7 ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abcb7;i77#d77;,f771 z add$ by ?is section1 %all apply to plan ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #c4 ,inclusion 9 ,multiemploy] ,heal? ,b5efit ,plan ,section #djb7;h77#b77;,c7 ( ! ,surface ,m9+ ,control & ,reclamation ,act ( #aigg 7#cj ,u4,s4,c4 #abcb7;h77#b77;,c77 is am5d$-- 7#a7 by /rik+ ! ,heal? ,b5efits = ,m9]s ,act ( #bjag bo? places x appe>s 9 clause 7ii7 & ins]t+ ! ,am]ican ,m9]s ,act ( #bjai2 7#b7 by /rik+ 1 w\ld be d5i$ or r$uc$ z a result ( a bankruptcy proce$+ comm5c$ 9 #bjab or #bjae 9 clause 7ii77,,ii7 & ins]t+ or a relat$ coal wage agreem5t1 w\ld be d5i$ or r$uc$ z a result ( a bankruptcy proce$+ comm5c$ 9 #bjab1 #bjae1 or #bjah2 7#c7 by /rik+ ,janu>y #a1 #bjag 9 clause 7ii7 & ins]t+ ,janu>y #a1 #bjah2 & 7#d7 by add+ at ! end ! foll[+ new clause3 7vi7 ,relat$ coal wage agreem5t ,= purposes ( clause 7ii71 ! t]m relat$ coal wage agreem5t means an agreem5t betwe5 ! ,unit$ ,m9e ,work]s ( ,am]ica & an employ] 9 ! bitum9\s coal indu/ry t-- 7,i7 is a signatory op]ator2 or 7,,ii7 is or 0 a debtor 9 a bankruptcy proce$+ t 0 consolidat$1 adm9i/ratively or o!rwise1 ) ! bankruptcy proce$+ ( a signatory op]ator or a relat$ p]son to a signatory op]ator 7z ^? t]ms are def9$ 9 section #igja7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 4 #d4 ,r$uction 9 m9imum age = all[able 9-s]vice di/ributions 7a7 ,9 g5]al ,section #dja7;a77#cf7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ age #fb & ins]t+ age #ei4 7b7 ,application to gov]nm5tal section #deg7;b7 plans ,clause 7i7 ( section #deg7;d77#a77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ 79 ! case ( a plan ma9ta9$ by an employ] describ$ 9 subsection 7e77#a77;,a71 age #ei7 be=e ! comma at ! end4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to plan ye>s beg9n+ aft] ,decemb] #ca1 #bjag4 #e4 ,black ,lung ,liability ,tru/ ,fund excise tax 7a7 ,9 g5]al ,section #daba7;e77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ,decemb] #ca1 #bjah & ins]t+ ,decemb] #ca1 #bjbh4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to sales aft] ,decemb] #ca1 #bjah4