((a)) The provisions of this subchapter take effect on .

((b)) Notwithstanding the provisions of subsection (a), the corporation shall pay benefits guaranteed under this subchapter with respect to any plan—

((1)) which is not a multiemployer plan,

((2)) which terminates after , and before ,

((3)) to which would apply if that section were effective beginning on , and

((4)) with respect to which a notice is filed with the Secretary of Labor and received by him not later than 10 days after , except that, for reasonable cause shown, such notice may be filed with the Secretary of Labor and received by him not later than , stating that the plan is a plan described in paragraphs (1), (2), and (3).

((c))

((1)) Except as provided in paragraphs (2), (3), and (4), the corporation shall not pay benefits guaranteed under this subchapter with respect to a multiemployer plan which terminates before . Whenever the corporation exercises the authority granted under paragraph (2) or (3), the corporation shall notify the Committee on Education and Labor and the Committee on Ways and Means of the House of Representatives, and the Committee on Labor and Public Welfare and the Committee on Finance of the Senate.

((2)) The corporation may, in its discretion, pay benefits guaranteed under this subchapter with respect to a multiemployer plan which terminates after and before , if—

((A)) the plan was maintained during the 60 months immediately preceding the date on which the plan terminates, and

((B)) the corporation determines that the payment by the corporation of benefits guaranteed under this subchapter with respect to that plan will not jeopardize the payments the corporation anticipates it may be required to make in connection with benefits guaranteed under this subchapter with respect to multiemployer plans which terminate after .

((3)) Notwithstanding any provision of section 1321 or 1322 of this title which would prevent such payments, the corporation, in carrying out its authority under paragraph (2), may pay benefits guaranteed under this subchapter with respect to a multiemployer plan described in paragraph (2) in any case in which those benefits would otherwise not be payable if—

((A)) the plan has been in effect for at least 5 years,

((B)) the plan has been in substantial compliance with the funding requirements for a qualified plan with respect to the employees and former employees in those employment units on the basis of which the participating employers have contributed to the plan for the preceding 5 years, and

((C)) the participating employers and employee organization or organizations had no reasonable recourse other than termination.

((4)) If the corporation determines, under paragraph (2) or (3), that it will pay benefits guaranteed under this subchapter with respect to a multiemployer plan which terminates before , the corporation—

((A)) may establish requirements for the continuation of payments which commenced before , with respect to retired participants under the plan,

((B)) may not, notwithstanding any other provision of this subchapter, make payments with respect to any participant under such a plan who, on , was receiving payment of retirement benefits, in excess of the amounts and rates payable with respect to such participant on that date,

((C)) shall review from time to time payments made under the authority granted to it by paragraphs (2) and (3), and reduce or terminate such payments to the extent necessary to avoid jeopardizing the ability of the corporation to make payments of benefits guaranteed under this subchapter in connection with multiemployer plans which terminate after , without increasing premium rates for such plans.

((d)) Notwithstanding any other provision of this subchapter, guaranteed benefits payable by the corporation pursuant to its discretionary authority under this section shall continue to be paid at the level guaranteed under , without regard to any limitation on payment under subparagraph (C) of subsection (c)(4).

((e))

((1)) Except as provided in paragraphs (2), (3), and (4), the amendments to this chapter made by the Multiemployer Pension Plan Amendments Act of 1980 shall take effect on .

((2))

((A)) Except as provided in this paragraph, part 1 of subtitle E, relating to withdrawal liability, takes effect on .

((B)) For purposes of determining withdrawal liability under part 1 of subtitle E, an employer who has withdrawn from a plan shall be considered to have withdrawn from a multiemployer plan if, at the time of the withdrawal, the plan was a multiemployer plan as defined in as in effect at the time of the withdrawal.

((3)) Sections 1421 through 1426  of this title, relating to multiemployer plan reorganization, shall take effect, with respect to each plan, on the first day of the first plan year beginning on or after the earlier of—

((A)) the date on which the last collective bargaining agreement providing for employer contributions under the plan, which was in effect on , expires, without regard to extensions agreed to on or after , or

((B)) 3 years after .

((4)) shall take effect on .

((f))

((1)) In the event that before , the corporation has determined that—

((A)) an employer has withdrawn from a multiemployer plan under , and

((B)) the employer is liable to the corporation under such section,

((2)) In any case in which the plan is not so terminated within the period described in paragraph (1), the liability of the employer is abated and any payment held in escrow shall be refunded without interest to the employer or the employer’s bond shall be cancelled.

((g))

((1)) In any case in which an employer or employers withdrew from a multiemployer plan before the effective date of part 1 of subtitle E, the corporation may—

((A)) apply , as in effect before the amendments made by the Multiemployer Pension Plan Amendments Act of 1980, to such plan,

((B)) assess liability against the withdrawn employer with respect to the resulting terminated plan,

((C)) guarantee benefits under the terminated plan under , as in effect before such amendments, and

((D)) if necessary, enforce such action through suit brought under .

((2)) The corporation shall use the revolving fund used by the corporation with respect to basic benefits guaranteed under in guaranteeing benefits under a terminated plan described in this subsection.

((h))

((1)) In the case of an employer who entered into a collective bargaining agreement—

((A)) which was effective on , and which remained in effect through , and

((B)) under which contributions to a multiemployer plan were to cease on ,

((2)) In any case in which—

((A)) an employer engaged in the grocery wholesaling business—

((i)) had ceased all covered operations under a multiemployer plan before , and had relocated its operations to a new facility in another State, and

((ii)) had notified a local union representative on , that the employer had tentatively decided to discontinue operations and relocate to a new facility in another State, and

((B)) all State and local approvals with respect to construction of and commencement of operations at the new facility had been obtained, a contract for construction had been entered into, and construction of the new facility had begun before ,

((i)) The preceding provisions of this section shall not apply with respect to amendments made to this subchapter in provisions enacted after .