EMPLOYEE PLANS

T.D. 8769, page 4. Final regulations under section 411(d) of the Code permit taxpayers to amend qualified plans or other employee pension benefit plans to eliminate plan provisions for benefit distributions before retirement but after age 70 ¹ ⁄2 if certain conditions are satisfied.

Rev. Proc. 98–42, page 9. Minimum funding standards and limitations on deduc- tions; retroactive amendment of money purchase pen- sion plan. This procedure provides guidance regarding the application of the minimum funding standards of section 412 of the Code and the limitations on deductions under section 404 of the Code to retroactive plan amendments of qualified money purchase pension plans, which relate to changes in the plan qualification requirements made by the Uruguay Round Agreements Act, the Small Business Job Protection Act of 1996, and the Taxpayer Relief Act of 1997.

Announcement 98–63, page 12. REG–209463–82, 1998–4 I.R.B. 27, which amended the existing proposed regulations that make changes to the rules that apply if a trust is named as a beneficiary of an employee’s benefit under a retirement plan, is corrected.