StacksVerified U.S. regulatory reference

29 U.S.C. § 1414

Verified against govinfo.gov as of June 20, 2026View official text on govinfo.gov
  1. (a)A transfer of assets from a multiemployer plan to another plan shall comply with asset-transfer rules which shall be adopted by the multiemployer plan and which—Plan rules authorizing asset transfers consistent with the requirements of section 1412(c)(3) of this title shall be considered to satisfy the requirements of this subsection.
    1. (1)do not unreasonably restrict the transfer of plan assets in connection with the transfer of plan liabilities, and
    2. (2)operate and are applied uniformly with respect to each proposed transfer, except that the rules may provide for reasonable variations taking into account the potential financial impact of a proposed transfer on the multiemployer plan.
  2. (b)The corporation shall prescribe regulations which exempt de minimis transfers of assets from the requirements of this part.
  3. (c)This part shall not apply to transfers of assets pursuant to written reciprocity agreements, except to the extent provided in regulations prescribed by the corporation.