N-2012-29: Application of the Normal Retirement Age Requirements to Governmental Plans

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April 18, 2012

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Issue Number: N-2012-29

Inside This Issue

Notice 2012-29 announces that the IRS and the Treasury Department anticipate issuing guidance relating to the applicability of the normal retirement age rules to governmental plans. The guidance under consideration would clarify that governmental plans that do not provide for in-service distributions before age 62 do not need to have a definition of normal retirement age. The guidance would also modify the age-50 safe harbor for qualified public safety employees. In addition, the notice announces that the IRS and the Treasury Department intend to extend the effective date of the normal retirement age regulations for governmental plans. The notice includes a request for public comment.

Notice 2012-29 will appear in the IRB 2012-18 dated April 30, 2012.

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