WITHDRAWAL LIABILITY ESTABLISHED

WITHDRAWAL LIABILITY ESTABLISHED Sec. 4201. [1381] (a) If an employer withdraws from a multiemployer plan in a complete withdrawal or a partial withdrawal, then the employer is liable to the plan in the amount determined under this part to be the withdrawal liability. (b) For purposes of subsection (a)— (1) The withdrawal liability of an employer to a plan is the amount determined under section 4211 to be the allocable amount of unfunded vested benefits, adjusted— (A) first, by any de minimis reduction applicable under section 4209, (B) next, in the case of a partial withdrawal, in accordance with section 4206, (C) then, to the extent necessary to reflect the limitation on annual payments under section 4219(c)(1)(B), and (D) finally, in accordance with section 4225. (2) The term “complete withdrawal” means a complete withdrawal described in section 4203. (3) The term “partial withdrawal” means a partial withdrawal described in section 4205.