Filed Under:Annuities, Fixed Indexed

ASPPA and ACOPA Seek Clarification on Regs Modifying Partial Annuity Distribution Options

Photo credit: tungphoto
Photo credit: tungphoto

Final regulations respecting partial annuity distribution options under defined benefit plans should specify that the addition of rules for bifurcated benefits does not void approaches for handling these benefits in previous periods.

The American Society of Pension Professionals and Actuaries and the ASPPA College of Pension Actuaries issued this recommendation in comments on the IRS’ and Treasury Department’s proposed modifications to minimum present value regulations for partial annuity distribution options under defined benefit plans. The proposed changes to Section 417(e) of the Internal Revenue Code were issued by the IRS and Treasury Dept. on February 3rd.

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Nichole Morford

Nichole Morford
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