N-2015-28: Extension of Temporary Nondiscrimination Relief for Closed Defined Benefit Plans
Internal Revenue Service (IRS) sent this bulletin at 03/19/2015 04:45 PM EDT
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Issue Number: N-2015-28Inside This IssueNotice 2015-28 - The Treasury Department and the IRS previously published Notice 2014-5, 2014-2 I.R.B. 276, which provides temporary nondiscrimination relief for certain “closed” defined benefit pension plans (i.e., defined benefit plans that provide ongoing accruals but that have been amended to limit those accruals to some or all of the employees who participated in the plan on a specified date). The relief provided in Notice 2014-5 is applicable for a plan year that begins before January 1, 2016. Notice 2014-5 also included a request for comments with respect to these plans, to assist the Treasury Department and the IRS in developing proposed regulations. This notice extends for one year the temporary nondiscrimination relief for certain closed defined benefit pension plans provided in Notice 2014-5, so that a closed defined benefit pension plan to which the relief under Notice 2014-5 applies may continue to use the temporary relief for a plan year that begins before January 1, 2017. Notice 2015-28 will appear in IRB 2015-14 dated April 6, 2015. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |