Bulletin No. 2004-18 May 3, 2004

range of interest rates used to calculate current liability and to determine the required contribution are set forth.

Notice 2004–34, page 848. Minimum funding standards; interest rates; section 101 of Pension Funding Equity Act. This notice describes the method for determining the permissible range of interest rates for current liability under section 412 of the Code as amended by section 101 of the Pension Funding Equity Act of 2004. In addition, comments are requested on this notice.

Announcement 2004–32, page 860. Employee Plans determination letter program; individu- ally designed plans. This announcement describes the Service’s decisions resulting from its review of comments following the issuance of two white papers on the future of the Employee Plans determination letter program.

Announcement 2004–33, page 862. Pre-approved employee plans; proposed revenue proce- dure; request for comments. This announcement describes and contains a draft proposed revenue procedure pertaining to those employee plans (master and prototype (M&P) and volume submitter (VS)) that are pre-approved by the Service. Portions of the draft procedure are reserved pending comments.

Announcement 2004–38, page 878. Minimum funding standards; alternative deficit reduc- tion election. This announcement describes how an election to make an alternative deficit reduction contribution under section 412(l) of the Code may be made and describes some of the background to that election.

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