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IRS Releases Highly Anticipated Cash Balance Plan Regulations

Recently issued regulations provide long-awaited guidance to sponsors of hybrid retirement plans on a variety of issues, including the market rate of return requirement and required changes for plans using crediting rates that do not meet this requirement. In a change from earlier regulations, hybrid plans are now allowed to offer subsidized survivor and early retirement annuity benefits. The regulations also provide some guidance concerning pension equity plans.

Read the full article.




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IRS Extends Year-End Deadline for Pension Plan Amendments Under Code Section 436

by Diane M. Morgenthaler, Natalie M. Nathanson and Maureen O’Brien

The IRS recently extended the deadline for defined benefit plan sponsors to adopt amendments to comply with Section 436 of the Internal Revenue Code of 1986, as amended (the Code).  Code Section 436 was added by the Pension Protection Act of 2006 (PPA) and contains limitations on benefit payments and accruals for defined benefit plans that do not meet the funding targets required by PPA.

Please click here for a discussion of the new deadlines.




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