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CCH® PENSION — 04/12/10

IRS will soon issue opinion and advisory letters for pre-approved DB plans that have been restated for EGTRRA and other changes

The IRS has announced that it will soon issue opinion and advisory letters for pre-approved (i.e., master and prototype (M&P) and volume submitter (VS)) defined benefit plans that were restated for the Economic Growth and Tax Relief Reconciliation Act (EGTRRA; P.L. 107-16) and other changes in plan qualification requirements listed in Notice 2007-3 ("the 2006 Cumulative List") and that were filed with the IRS.

The IRS expects to issue the letters on March 31, 2010, or, in some cases, as soon as possible thereafter. Employers using these pre-approved plan documents to restate a plan for EGTRRA and the 2006 Cumulative List will be required to adopt the EGTRRA-approved plan document by April 30, 2012. The IRS said it will accept applications for individual determination letters submitted by adopters of these pre-approved plans starting on May 1, 2010.

For more information on this and related topics, consult the CCH Pension Plan Guide, CCH Employee Benefits Management, and Spencer's Benefits Reports.

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