On October 7, 2009, the IRS issued final regulations for plan years beginning on or after January 1, 2010 on calculating the value of assets and liabilities for funding purposes for single-employer defined benefit plans, the use of funding balances maintained for such plans, and benefit restrictions for underfunded defined benefit plans. The final regulations reflect provisions under the Pension Protection Act of 2006, as modified by the Worker, Retiree, and Employer Recovery Act of 2008, and provide guidance under Code sections 430 and 436. The final rules were published on October 15 in the Federal Register.

The text of the final regulations as published in the Federal Register is available here.

More information on the regulations is available here.

BACK
Reports