• IRS Proposes to Eliminate Advance Notice Requirement of Anti-Cutback Regulations
  • July 29, 2003
  • Law Firm: Kilpatrick Stockton LLP - Atlanta Office
  • On July 8, 2003, the Internal Revenue Service released proposed regulations under Section 411(d)(6) of the Internal Revenue Code. These proposed regulations are designed to simplify plan amendments of defined contribution plans, such as Section 401(k) and profit sharing plans, relating to the elimination or restriction of optional forms of benefit payments, other than a single-sum payment. The proposed regulations are proposed to be effective on the date that final regulations are issued by the IRS.