INCREASE IN PREMIUM RATES.

SEC. 12021. INCREASE IN PREMIUM RATES. (a) Increase in Basic Premium.— (1) In general.— Clause (i) of section 4006(a)(3)(A) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1306(a)(3)(A)) is amended by striking “for plan years beginning after December 31, 1987, an amount equal to the sum of $16” and inserting “for plan years beginning after December 31, 1990, an amount equal to the sum of $19”. (2) Conforming amendment.— Section 4006(c)(l)(A) of such Act (29 U.S.C. 1306(c)(l)(A)) is amended by adding at the end the following new clause: “(iv) with respect to each plan year beginning after December 31, 1987, and before January 1, 1991, an amount equal to $16 for each individual who was a participant in such plan during the plan year, and”. (b) Increase in Additional Premium.— Section 4006(a)(3)(E) of such Act (29 U.S.C. 1306(a)(3)(E)) is amended— (1) by striking “$6.00” in clause (ii) and inserting “$9.00”, and (2) by striking “$34” in clause (iv)(i) and inserting “$53”. (c) Effective Date.— The amendments made by this section shall apply to plan years beginning after December 31, 1990.