EMPLOYEE PLANS

Rev. Rul. 2000–27, page 1016. Qualified cash or deferred arrangements; separation from service. The sale of less than substantially all of the assets of a trade or business to an unrelated employer does not preclude a distribution to affected participants in a section 401(k) plan on account of separation from service.

Notice 2000–27, page 1116. Weighted average interest rate update. The weighted average interest rate for May 2000 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 are set forth.