Applicability of retirement age regulations | KPMG | GLOBAL

Applicability of retirement age regulations to governmental pension plans

Retirement age regulations to pension plans

The Treasury Department and IRS today released for publication in the Federal Register proposed regulations under section 401(a) to provide rules relating to the determination of whether the normal retirement age under a governmental plan (within the meaning of section 414(d) of the Code) that is a pension plan satisfies the requirements of section 401(a) and whether the payment of definitely determinable benefits that commence at the plan’s normal retirement age satisfies these requirements.


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The proposed regulations [PDF 217 KB] would affect sponsors and administrators of governmental pension plans, as well as participants in such plans.

Comments and requests for a public hearing must be received by 90 days after the publication in the Federal Register, which is scheduled for January 27, 2016.

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