Small Block

Capital Absorption Opportunity · Tax-exempt organizations (26 U.S.C. § 501) · 501(c) Organizations

501(c)(22) Organizations

Definition

Withdrawal liability payment funds: trusts established in writing by the plan sponsors of multiemployer pension plans exclusively to pay amounts described in ERISA section 4223(c) or (h) and the trust's reasonable administrative expenses.[1] The Multiemployer Pension Plan Amendments Act of 1980 added the paragraph.[1]

Federal law

  1. Multiemployer Pension Plan Amendments Act of 1980, Pub. L. 96-364, § 209(a), 94 Stat. 1290. Added section 501(c)(22) (§ 209(a)). Official text: govinfo.gov, U.S. Government Publishing Office.