Pension Protection Act Blog

From the Cincinnati Benefits Conference today comes information about the amendment for the Final 415 Regulations. The IRS will not be issuing a model or sample amendment, so plan sponsors should plan on adopting a good faith amendment to incorporate the changes made by these regulations into their plan documents.
The deadline for adopting the […]

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New information today from the IRS, PBGC and the Government Printing Office.
Today, the IRS released Revenue Procedure 2007-37, setting forth the procedure that a sponsor of a defined benefit plan, other than a multiemployer plan, can request and obtain approval for the use of plan-specific mortality tables. This revenue procedure contains specific […]

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The IRS released a short two-page summary of the Final 415 Regs in the form of a special edition of Employee Plan News. The summary for the items changed by the Pension Protection Act are:
The following modifications to section 415 made by the Pension Protection Act of 2006:
i. changes to the interest rate assumptions […]

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The IRS finally issued the long-awaited Final 415 Regs. These regs are effective April 5, 2007, and generally apply for limitations years beginning after July 1, 2007. BenefitsLink.com posted two versions - one from the Federal Register, which is a three-column version of the regs that are 55-pages long, and the other version […]

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