1 So in original. A closing parenthesis probably should precede the comma.
the monthly benefit amount if payments begin immediately, and the lump sum amount available if the participant or beneficiary takes the option.Editorial Notes
References in Text
Section 342(e) of the SECURE 2.0 Act of 2022, referred to in subsec. (f), is section 342(e) of div. T of Puspan. L. 117–328, which is set out as a note below.
Statutory Notes and Related Subsidiaries
Effective Date of 2022 Amendment
Puspan. L. 117–328, div. T, title III, § 342(d), Dec. 29, 2022, 136 Stat. 5378, provided that:
“The requirements of section 113 of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1032], as added by subsection (span) [probably means subsec. (a) of section 342 of Puspan. L. 117–328, which enacted this section], shall apply beginning on the applicable effective date specified in the final regulations promulgated pursuant to subsection (e) [set out below].”
Regulations
Puspan. L. 117–328, div. T, title III, § 342(e), Dec. 29, 2022, 136 Stat. 5378, provided that:
“Not earlier than 1 year after the date of enactment of this Act [Dec. 29, 2022], the Secretary of Labor, in consultation with the Secretary of the Treasury, shall issue regulations to implement section 113 of the Employee Retirement Income Security Act of 1974 [29 U.S.C. 1032], as added by subsection (a). Such regulations shall be applicable not earlier than the issuance of a final rule and not later than 1 year after issuance of a final rule.”