Blogging Employee Benefits

August 9, 2006

A Notice of Some Passing Interest

Filed under: IRS, Pensions — Fuguerre @ 7:00 am

Yes, PPA §301(b) amended IRC §412(b)(5)(B)(ii)(II) to extend PFEA relief from use of 30-year Treasury rates for current liability valuation through the 2006 and 2007 plan years. And yes, we expect the President to sign PPA into law next week. But until actual enactment of PPA, technically the snap-back interest rates remain the prevailing law. So the IRS gives us Notice 2006-74, quite certain to be obsolete well before its scheduled August 28 publication in Internal Revenue Bulletin 2006-35.

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