EMPLOYEE PLANS

REG–209463–82, page 27. This proposed regulation contains amendments to EE–113–82, 1987–2 C.B. 881, under section 401(a)(9) of the Code that makes changes to the rules that apply if a trust is named as a beneficiary of an employee’s retirement benefit under a qualified plan.

Rev. Proc. 98–14, page 22. Determination letters; Small Business Job Protection Act. This procedure opens the determination letter program for qualified plans that seek to comply with changes in the qualification requirements made by the Uruguay Round Agreements Act and the Taxpayer Relief Act of 1997, as well as those changes in the qualification requirements made by the Small Business Job Protection Act of 1996 that are effective before the first day of the first plan year beginning on or after January 1, 1999.

Notice 98–9, page 8. Weighted average interest rate update. Guidelines are set forth for determining for January 1998, the weighted average interest rate and the resulting permissible range of interest rates used to calculate current liability for purposes of the full funding limitation of section 412(c)(7) of the Code as amended by the Omnibus Budget Reconciliation Act of 1987 and by the Uruguay Round Agreements Act (GATT).