Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Model Amendment for payment of Bifurcated Benefits from DB Plans

The IRS has released Model Amendments that defined Benefit plans that wish to allow for the payment of bifurcated benefits, for example, part annuity and part lump sum, can use to comply with the requirements of Section 417(e).

Document Excerpt
This notice provides model amendments that a sponsor of a qualified defined benefit plan may use to amend its plan document to offer bifurcated benefit distribution options to participants in accordance with final regulations issued under § 417(e) of the Internal Revenue Code (see T.D. 9783, 2016-39 I.R.B. 396, published in the Federal Register on September 9, 2016 (81 FR 62359)).

Link
https://www.irs.gov/pub/irs-drop/n-17-44.pdf



This post first appeared on Benefits Forward, please read the originial post: here

Share the post

Model Amendment for payment of Bifurcated Benefits from DB Plans

×

Subscribe to Benefits Forward

Get updates delivered right to your inbox!

Thank you for your subscription

×