SECURE Act Impacts Distributions Under Governmental Plans
The SECURE Act has made a number of changes to Internal Revenue Code requirements for governmental plans, particularly in the required minimum distribution (RMD) requirements of Internal Revenue Code section 401(a)(9), and made a number of other changes to the plan distribution rules. Accommodating these changes may present particular administrative burdens for public plans. Governmental plans should start considering what changes in plan terms, recordkeeping, reporting and communications may be necessary to reflect the new distribution rules.
Click here to read the full article.
Recent Posts
See AllWith year-end amendments fast approaching, the Internal Revenue Service (“IRS”) provided much needed relief from the end of the 2022 Plan...
IRS Notice 2022-33 provides extensions to the amendment deadlines for certain provisions of the Setting Every Community Up for Retirement...
In June, the Senate committees with jurisdiction over retirement approved their versions of retirement reform legislation. The Senate...
Comments