IRS and Treasury to Hold Town Hall and Consultation Listening Meetings on Possible Approaches to Governmental Plan Guidance

Useful Links:

About FSLG

FSLG Newsletters

FSLG Customer Services

Educational Products

FSLG Fact Sheets

FSLG FAQs

FSLG Tool Kit

More Topics

IRS Resources

Compliance & Enforcement

Contact My Local Office

e-file

Forms & Pubs

Frequently Asked Questions

News

Taxpayer Advocacy

Where to File

Issue Number:    02-2012

Inside This Issue: IRS and Treasury to Hold Town Hall and Consultation Listening Meetings on Possible Approaches to Governmental Plan Guidance

On February 13, 2012, the Internal Revenue released IR-2012-20, announcing town hall and consultation listening meetings across the country to discuss proposed guidance on possible standards for determining whether a retirement plan is a governmental plan under section 414(d) of the Internal Revenue Code.

The issue is important to Federal, State, Local and Indian Tribal Governments, as well as their employees, because the statutory rules that apply to governmental plans are different from those that apply to nongovernmental plans.

The town hall meetings for state and local governments are scheduled for the following days and locations:

• Oakland, CA - March 15th 
• Cleveland, OH  - May 3rd 
• Phone forum - May 15th

For the schedule of meetings and more information, see Notice 2012-20.

In addition, the IRS and Treasury are soliciting comments on the proposed drafts issued in November 2011 of possible approaches to guidance in this area. Comments must be received by June 18, 2012. Input from the general public is also sought from discussions at town hall and consultation listening meetings. A separate public hearing will be held in Washington, D.C. on July 9th on the draft proposed rulemaking on the definition of governmental plans.