New IRS Priority Guidance Plan for 2007-2008
Retirement Benefit Items
Rev. 08/23/07, E-mail Alert 2007-11

1. Guidance on special pay plans for governmental employees.
   
2. Notice providing transitional guidance on normal retirement age.
   Will be published 8/27/07 in IRB 2007-35 as Notice 2007-69 (released 8/10/2007).
   
3. Guidance regarding the treatment of incidental health insurance benefits provided under a profit sharing or stock bonus plan.
   
4. Update of Employee Plans Compliance Resolution System (EPCRS).
   
5. Guidance on the transfer of assets from a section 401(a) plan to a Puerto Rico plan.
   
6. Proposed regulations under section 401(a)(9) on required minimum distribution rules for governmental plans, as directed by the Pension Protection Act of 2006.
   
7. Guidance on diversification requirements under section 401(a)(35), as added by the Pension Protection Act of 2006.
   
8. Update of model notice under section 402(f) relating to eligible rollover distributions.
   
9. Announcement on the definition of insurance under section 402(l), as added by the Pension Protection Act of 2006.
   
10. Model plan provisions under section 403(b) for public school employees.
    
11. Announcement on the reporting of distributions of section 404(k) dividends.
    
12. Final regulation on converting an IRA annuity to a Roth IRA annuity. Temporary regulations were published on August 22, 2005. (408A)
    
13. Proposed regulations under section 411(a)(11) to provide a description of the consequences of failing to defer, as directed by the Pension Protection Act of 2006.
    
14. Proposed regulations on hybrid plans under sections 411(a)(13) and 411(b)(5), as added by the Pension Protection Act of 2006.
    
15. Guidance under section 414(d), as amended by the Pension Protection Act of 2006, for plans maintained by Indian Tribal governments.
    Will be published 8/27/2007 in IRB 2007-35 as Notice 2007-67 (released 8/9/2007).
    
16. Guidance on automatic enrollment under sections 414(w), 401(k)(13) and 401(m)(12), as added by the Pension Protection Act of 2006.
    
17. Guidance on applicable interest and mortality assumptions under section 417(e), as amended by the Pension Protection Act of 2006.
    
18. Proposed regulations on the measurement of assets and liabilities under section 430, as added by the Pension Protection Act of 2006.
    
19. Proposed regulations on the determination of the minimum required contributions under section 430, as added by the Pension Protection Act of 2006.
    
20. Final regulations on the funding of single employer plans under section 430, as added by the Pension Protection Act of 2006.
    
21. Guidance on the mortality tables for disabled individuals used under sections 430(H)(3)(D) and 431(c)(6)(D)(v), as added by the Pension Protection Act of 2006.
    
22. Guidance on multiemployer plans under section 432, as added by the Pension Protection Act of 2006.
    
23. Proposed regulations on funding-based benefit limits under section 436, as added by the Pension Protection Act of 2006.
    
24. Proposed regulations under section 4980F with respect to retroactive effective dates.
    
25. Guidance on Form 5500 reporting as a result of the Pension Protection Act of 2006.
    
26. Guidance on the 10-year amortization election for airlines under section 402(a)(2) of the Pension Protection Act of 2006.
    
    IRS 2007-2008 Priority Guidance Plan