TITLE

New IRS relative values disclosure rule presents an issue for sponsors of qualified pension plans

AUTHOR(S)
Powell, Debbie; Lee, Susan
PUB. DATE
February 2006
SOURCE
Employee Benefit News;Feb2006, Vol. 20 Issue 2, p52
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the compliance of pension plan sponsors with a new values disclosure requirement for retiring employees of the U.S. Internal Revenue Service regulations. Sponsors may inform employees about the relative accrual values of the optional payment forms by providing notices. There is a need for sponsors to review their compliance with the required disclosures in preparing relative values notices. The regulations enable sponsors to weed out redundant benefit forms. INSET: Relative value in brief.
ACCESSION #
19668004

 

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