SECTION 6. EFFECTIVE DATE

This revenue procedure is effective February 2, 1995, and will continue in effect until a contrary publication in the Internal Revenue Bulletin. This revenue procedure pertains to requests for closing agreements on or after that date and (as stated in Rev. Proc. 92–16) required minimum distributions that relate to the 1991 and later calendar years.

1995–2 C.B. 441

plan or arrangement that has invested assets in an annuity contract or guaranteed investment contract under which payments have been reduced or suspended by reason of state insurer delinquency proceedings.

.02 Where an employer makes restorative payments to an affected plan, as described in this revenue procedure, the affected plan’s assets attributable to restorative payments are assets that must be used to make required minimum distributions to participants. Thus, with regard to a participant to whom an affected plan must

make a required minimum distribution, the unavailable portion of an affected investment (as those terms are used in section 5.01 of Rev. Proc. 92–10) is reduced by the amount of assets attributable to restorative payments that is held in the trust on account of the portion of the participant’s account balance that is allocable to the guaranteed contract.