EMPLOYEE PLANS

REG–114697–00, page 421. Nondiscrimination requirements for certain defined contribution retirement plans. Proposed regulations would prescribe conditions under which certain defined contribution retirement plans (sometimes referred to as “new comparability” plans) are permitted to demonstrate compliance with applicable nondiscrimination requirements based on plan benefits rather than plan contributions. A public hearing is scheduled for January 25, 2001.

Notice 2000–55, page 393. Weighted average interest rate update. The weighted average interest rate for October 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.