((a)) ** Transfer of assets from 1950 UMWA Pension Plan**

((1)) ** In general** From the funds reserved under paragraph (2), the board of trustees of the 1950 UMWA Pension Plan shall transfer to the Combined Fund—

((A)) $70,000,000 on ,

((B)) $70,000,000 on , and

((C)) $70,000,000 on .

((2)) ** Reservation** Immediately upon the enactment date, the board of trustees of the 1950 UMWA Pension Plan shall segregate $210,000,000 from the general assets of the plan. Such funds shall be held in the plan until disbursed pursuant to paragraph (1). Any interest on such funds shall be deposited into the general assets of the 1950 UMWA Pension Plan.

((3)) ** Use of funds** Amounts transferred to the Combined Fund under paragraph (1) shall—

((A)) in the case of the transfer on , be used to proportionately reduce the premium of each assigned operator under section 9704(a) for the plan year of the Fund beginning , and

((B)) in the case of any other such transfer, be used to proportionately reduce the unassigned beneficiary premium under section 9704(a)(3) and the death benefit premium under section 9704(a)(2) of each assigned operator for the plan year in which transferred and for any subsequent plan year in which such funds remain available.

((4)) ** Tax treatment; validity of transfer**

((A)) ** No deduction** No deduction shall be allowed under this title with respect to any transfer pursuant to paragraph (1), but such transfer shall not adversely affect the deductibility (under applicable provisions of this title) of contributions previously made by employers, or amounts hereafter contributed by employers, to the 1950 UMWA Pension Plan, the 1950 UMWA Benefit Plan, the 1974 UMWA Pension Plan, the 1974 UMWA Benefit Plan, the 1992 UMWA Benefit Plan, or the Combined Fund.

((B)) ** Other tax provisions** Any transfer pursuant to paragraph (1)—

((i)) shall not be treated as an employer reversion from a qualified plan for purposes of section 4980, and

((ii)) shall not be includible in the gross income of any employer maintaining the 1950 UMWA Pension Plan.

((5)) ** Treatment of transfer** Any transfer pursuant to paragraph (1) shall not be deemed to violate, or to be prohibited by, any provision of law, or to cause the settlors, joint board of trustees, employers or any related person to incur or be subject to liability, taxes, fines, or penalties of any kind whatsoever.

((b)) ** Transfers**

((1)) ** In general** The Combined Fund shall include any amount transferred to the Fund under subsections (h) and (i) of section 402 of the Surface Mining Control and Reclamation Act of 1977 ().30 U.S.C. 1232

((2)) ** Use of funds** Any amount transferred under paragraph (1) for any fiscal year shall be used to pay benefits and administrative costs of beneficiaries of the Combined Fund or for such other purposes as are specifically provided in the Act described in paragraph (1).