EMPLOYEE PLANS

Rev. Rul. 2005–36, page 1368. Individual Retirement Account (IRA); decedent; benefi- ciary’s disclaimer. This ruling discusses whether a beneficiary’s disclaimer of a beneficial interest in a decedent’s IRA is a qualified disclaimer under section 2518 of the Code even though prior to making the disclaimer, the beneficiary receives from the IRA the required minimum distribution for the year of the decedent’s death.

Notice 2005–46, page 1372. Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for June 2005 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.