EMPLOYEE PLANS

Rev. Rul. 2002–58, page 541. This ruling clarifies that amounts reimbursed under a self-insured medical expense reimbursement plan for medical expenses incurred by an employee prior to the adoption of the plan are not excludable from the gross income of the employee under section 105(b) of the Code.

Notice 2002–61, page 563. Weighed average interest rate update. The weighted average interest rate for September 2002 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.