Any person who embezzles, steals, or unlawfully and willfully abstracts or converts to his own use or to the use of another, any of the moneys, funds, securities, premiums, credits, property, or other assets of any employee welfare benefit plan or employee pension benefit plan, or of any fund connected therewith, shall be fined under this title, or imprisoned not more than five years, or both.
As used in this section, the term “any employee welfare benefit plan or employee pension benefit plan” means any employee benefit plan subject to any provision of title I of the Employee Retirement Income Security Act of 1974.
The Employee Retirement Income Security Act of 1974, referred to in text, is Pub. L. 93–406, Sept. 2, 1974, 88 Stat. 829, as amended. Title I of the Employee Retirement Income Security Act of 1974 is classified generally to subchapter I (§ 1001 et seq.) of chapter
18 of Title
29, Labor. For complete classification of this Act to the Code, see Short Title note set out under section
1001 of Title
29 and Tables.
1994—Pub. L. 103–322substituted “fined under this title” for “fined not more than $10,000”.
1974—Pub. L. 93–406substituted “any employee benefit plan subject to any provision of title I of the Employee Retirement Income Security Act of 1974” for “any such plan subject to the provisions of the Welfare and Pension Plans Disclosure Act”.
Section 19 ofPub. L. 87–420provided that: “The amendments made by this Act [see Short Title note below] shall take effect ninety days after the enactment of this Act [Mar. 20, 1962], except that section 13 of the Welfare and Pension Plans Disclosure Act [section
308d of Title
29, Labor] shall take effect one hundred eighty days after such date of enactment.”
Section 1 ofPub. L. 87–420provided: “That this Act [enacting this section, sections
1954 of this title, and sections
308f of Title
29, Labor, amending sections
309 of Title
29, and renumbering sections 10 to 12 ofPub. L. 85–536, classified to section
309 of Title
29 and as notes under section
301 of Title
29], may be cited as the ‘Welfare and Pension Plans Disclosure Act Amendments of 1962’.”
The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.
The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013
An empty table indicates that we see no relevant changes listed in the classification tables. If you suspect that our system may be missing something, please double-check with the Office of the Law Revision Counsel.
Description of Change
Statutes at Large
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