Sunday, July 27, 2008

Treasury Regulation - REG–100464–08 - Accrual Rules for Defined Benefit Plans

26 CFR Part 1


RIN 1545–BH50

Treasury Regulation - [REG–100464–08] - Accrual Rules for Defined Benefit Plans

Proposed regulations under section 411(b)(1) of the Code provide guidance on the application of the accrual rule for defined benefit plans under section 411(b)(1)(B) in cases where plan benefits are determined on the basis of the greatest of two or more separate formulas. A public hearing is scheduled for October 15, 2008.

These proposed regulations are applicable/effective for plan years beginning on or after January 1, 2009, and amend the accrued benefit requirements for hybrid defined benefit plans by adding a new paragraph (b)(2)(ii)(G) to section 1.411(b)-1. On your PPA'06 chart, they should be listed under section 701 of PPA'06 and under section 411(b) of the Code with the terms hybrid defined benefit plans and accrual rules.

Related Links:

No comments: