29 U.S. Code § 1405 - Limitation on withdrawal liability
|If the liquidation or distribution value of the employer after the sale or exchange is—||The portion is—|
|Not more than $5,000,000||30 percent of the amount.|
|More than $5,000,000, but not more than $10,000,000||$1,500,000, plus 35 percent of the amount in excess of $5,000,000.|
|More than $10,000,000, but not more than $15,000,000||$3,250,000, plus 40 percent of the amount in excess of $10,000,000.|
|More than $15,000,000, but not more than $17,500,000||$5,250,000, plus 45 percent of the amount in excess of $15,000,000.|
|More than $17,500,000, but not more than $20,000,000||$6,375,000, plus 50 percent of the amount in excess of $17,500,000.|
|More than $20,000,000, but not more than $22,500,000||$7,625,000, plus 60 percent of the amount in excess of $20,000,000.|
|More than $22,500,000, but not more than $25,000,000||$9,125,000, plus 70 percent of the amount in excess of $22,500,000.19|
|More than $25,000,000||$10,875,000, plus 80 percent of the amount in excess of $25,000,000.|
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.
|29 USC||Description of Change||Session Year||Public Law||Statutes at Large|
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