United States. Congress

“ NOTICE OF ENDANGERED STATUS- Notwithstanding section 305 (b) (3) (D) of such Act and section 431 (b) (3) (D) of such Code, if the plan is certified to be in critical status for any plan year but is in endangered status by reason of an election made under subsection (a) , the notice provided under such sections shall be the notice which would have been provided if the plan had been certified to be in endangered status. SEC. 205. TEMPORARY EXTENSION OF THE FUNDING IMPROVEMENT AND REHABILITATION PERIODS FOR MULTIEMPLOYER PENSION PLANS IN CRITICAL AND ENDANGERED STATUS FOR 2008 OR 2009. ”

“ Amendment to 1986 Code- Subparagraph (B) of section 430 (c) (5) of the Internal Revenue Code of 1986 is amended-- (1) by striking clause (iii) and redesignating clause (iv) as clause (iii) ; and (2) by striking clause (i) and inserting the following: ` (i) IN GENERAL- Except as provided in clause (iii) , in the case of plan years beginning after 2007 and before 2011, only the applicable percentage of the funding target shall be taken into account under paragraph (3) (A) in determining the funding shortfall for purposes of paragraph (3) (A) and subparagraph (A) .'. ”