Small Block

Capital Absorption Opportunity · Tax-exempt organizations (26 U.S.C. § 501) · 501(c) Organizations

501(c)(24) Organizations

Definition

A trust described in ERISA section 4049 as in effect on April 7, 1986: trusts for terminated single-employer pension plans, which the Single-Employer Pension Plan Amendments Act of 1986 created along with this paragraph.[1] The Omnibus Budget Reconciliation Act of 1987 repealed section 4049 for plan terminations noticed or started after December 17, 1987,[2] but paragraph (24) remains in section 501(c), still pointing to section 4049 as it stood in 1986.

Federal law

  1. Single-Employer Pension Plan Amendments Act of 1986 (title XI of the Consolidated Omnibus Budget Reconciliation Act of 1985), Pub. L. 99-272, § 11012, 100 Stat. 258. Added ERISA § 4049 (§ 11012(a)) and section 501(c)(24) (§ 11012(b)). Official text: govinfo.gov, U.S. Government Publishing Office.
  2. Omnibus Budget Reconciliation Act of 1987, Pub. L. 100-203, § 9312, 101 Stat. 1330-361. Repealed ERISA § 4049 (§ 9312(a)), effective for plan terminations after December 17, 1987 (§ 9312(d)(1)), with a rule for prior terminations (§ 9312(d)(2)). Official text: govinfo.gov, U.S. Government Publishing Office.