EMPLOYEE PLANS

Rev. Proc. 2000–27, page 1272. Qualified plans; determination letters; remedial amendment period. This procedure opens the determination letter program to allow sponsors of qualified plans within the meaning of section 401(a) or 403(a) of the Code to request determination letters from the Service that take into account all changes in the plan qualification requirements made by the Small Business Job Protection Act of 1996 and other recent legislation. It also extends the remedial period under section 401(b) of the Code for amending plans for these changes, as well as the remedial amendment period for amending governmental and nonelecting church plans for the Tax Reform Act of 1986. Rev. Procs. 98–14, 99–23, 2000–6, and 2000–20 modified.

Notice 2000–31, page 1274. Weighted average interest rate update. The weighted average interest rate for June 2000 and the resulting permissible range of interest rates used to calculate current lia