IRS Priority Guidance Update
Rev. 05/22/08, E-mail Alert 2008-7

EMPLOYEE BENEFITS SECTION OF GUIDANCE
A. Retirement Benefits
Original PGP Projects:

1. Guidance on special pay plans for governmental employees.

2. Notice providing transitional guidance on normal retirement age.
Published 08/27/2007 in IRB 2007-35 as Notice 2007-69 (08/10/2007).

3. Guidance regarding the treatment of incidental health insurance benefits provided under a profit-sharing or stock bonus plan. Published 08/20/2007 in FR as NRPM REG-148393-06.

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 PPA.
Published 01/03/2008 in FR as NPRM REG-136701-07.

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 PPA.
Published 12/26/2007 in IRB 2007-52 as Notice 2007-99 (12/03/2007).

10. Model plan provisions under section 403(b) for public school employees.
Published 12/17/2007 in IRB 2007-51 as Rev. Proc. 2007-71 (11/27/2007).

11. Announcement on the reporting of distributions of section 404(k) dividends.

12. Final regulations on converting an IRA annuity to a Roth IRA annuity.
Temporary regulations were published on August 22, 2005.

13. Proposed regulations under section 411(a)(11) to provide a description of the consequences of failing to defer, as directed by PPA.

14. Proposed regulations on hybrid plans under sections 411(a)(13) and 411(b)(5), as added by the Pension Protection Act of 2006. Published 12/28/2007 in FR as NPRM REG-104946-07.

15. Guidance under section 414(d), as amended by the PPA, for plans maintained by Indian Tribal governments. Published 08/27/2007 in IRB 2007-35 as Notice 2007-67 (08/09/2007).

16. Guidance on automatic enrollment under sections 414(w), 401(k)(13) and 401(m)(12), as added by PPA. Published 11/08/2007 in FR as NPRM REG-133300-07.

17. Guidance on applicable interest and mortality assumptions under section 417(e), as amended by PPA. Published 10/29/2007 in IRB 2007-44 as Notice 2007-81 (10/09/2007); Published 11/26/2007 in IRB 2007-48 as Rev. Rul. 2007-67 (11/06/2007).

18. Proposed regulations on the measurement of assets and liabilities under section 430, as added by PPA. Published 12/31/2007 in FR as NPRM REG-139236-07.

19. Proposed regulations on the determination of the minimum required contributions under section 430, as added by PPA. Published 04/14/2008 in FR as NPRM REG-108508-08.

20. Final regulations on the funding of single employer plans under section 430, as added by PPA.

21. Guidance on the mortality tables for disabled individuals used under sections 430(h)(3)(D) and 431(c)(6)(D)(v), added by PPA. Published 03/24/2008, IRB 2008-12, Notice2008-29 (03/05/2008).

22. Guidance on multiemployer plans under section 432, added by PPA. Published 03/18/2008 in FR as NPRM REG-151135-07.

23. Proposed regulations on funding-based benefit limits under section 436, as added by PPA.
Published 08/31/2007 in FR as NPRM REG-113891-07.

24. Proposed regulations under section 4980F with respect to retroactive effective dates. Published 03/21/2008 in FR as NRPM REG-110136-07.

25. Guidance on Form 5500 reporting as a result of the PPA. Published 11/16/2007 in FR.

26. Guidance on the 10-year amortization election for airlines under section 402(a)(2) of PPA.
Published 01/22/2008 in IRB 2008-3 as Announcement 2008-2 (12/21/2007).