in 2020 and ending in 2025 95% 105% 2026 90% 110% 2027 85% 115% 2028 80% 120% 2029 75% 125% After 2029 70% 130%. . (2) Conforming amendments (A) In general Section 101(f)(2)(D) of such Act ( 29 U.S.C. 1021(f)(2)(D) ) is amended— (i) in clause (i) by striking and the Bipartisan Budget Act of 2015 both places it appears and inserting , the Bipartisan Budget Act of 2015, and the Inspector General Independence Act , and (ii) in clause (ii) by striking 2023 and inserting 2029 . (B) Statements The Secretary of Labor shall modify the statements required under subclauses (I) and (II) of section 101(f)(2)(D)(i) of such Act to conform to the amendments made by this section. (3) Floor on 25-year averages Subclause (I) of section 303(h)(2)(C)(iv) of such Act ( 29 U.S.C. 1083(h)(2)(C)(iv)(II) ) is amended by adding at the end the following: Notwithstanding anything in this subclause, if the average of the first, second, or third segment rate for any 25-year period is less than 5 percent, such average shall be deemed to be 5 percent. . (c) Effective date The amendments made by this section shall apply with respect to plan years beginning after December 31, 2019. III Other Retirement Related Provisions 40301. Waiver of required minimum distributions for 2019 (a) In general Section 401(a)(9)(I)(i) of the Internal Revenue Code of 1986 is amended by striking calendar year 2020 and inserting calendar years 2019 and 2020 . (b) Eligible rollover distributions Section 402(c)(4) of such Code is amended by striking 2020 each place it appears in the last sentence and inserting 2019 or 2020 . (c) Conforming amendments Section 401(a)(9)(I) of such Code is amended— (1) by striking clause (ii) and redesignating clause (iii) as clause (ii), and (2) by striking calendar year 2020 in clause (ii)(II), as so redesignated, and inserting calendar years 2019 and 2020 . (d) Effective date The amendments made by this section shall take effect as if included in the enactment of section 2203 of the Coronavirus Aid, Relief, and Economic Security Act,