Bulletin No. 2008-34 August 25, 2008

of a qualified retirement plan is transferred from an employer to an unrelated taxpayer and the transfer is not in connection with a transfer of business assets or operations from the employer to the unrelated taxpayer.

REG–142040–07, page 451. Proposed regulations under sections 401(a)(9) and 403(b) of the Code permit a governmental plan to comply with the required minimum distribution rules by using a reasonable and good faith interpretation of the statute.

Notice 2008–69, page 419. Weighted average interest rate update; corporate bond indices; 30-year Treasury securities; segment rates. This notice contains updates for the corporate bond weighted average interest rate for plan years beginning in August 2008; the 24-month average segment rates; the funding transitional segment rates applicable for August 2008; and the minimum present value transitional rates for July 2008.

ADMINISTRATIVE

T.D. 9410, page 414. Final regulations relating to the discharge of liens under section 7425 of the Code and return of wrongfully levied-upon property under section 6343 clarify that such notices and claims should be sent to the IRS official and office specified in the relevant IRS publications.

Rev. Proc. 2008–49, page 423. This procedure contains the latest revision of Publication 1516, Specifications for Filing Form 8596, Information Return for Fed- eral Contracts, Electronically . Rev. Proc. 2005–29 superseded.

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Announcement 2008–78, page 453. This document contains a correction to an announcement published in I.R.B. 2008–32 (Announcement 2007–72, 2008–32 I.R.B. 321) for section 7428(c) validation of certain contributions made during pendency of declaratory judgment proceedings. The announcement number should read: Announce- ment 2008–72 .

August 25, 2008 2008–34 I.R.B.