IRS Issues Hefty Package of Pension Funding, Benefit Restriction Rules

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IRS issues long-awaited final regulations (T.D. 9467) on measuring assets and liabilities for complying with single-employer pension funding rules and benefit restrictions for underfunded pensions. The regulations apply to plan years beginning on or after Jan. 1, 2010. The regulations implement Internal Revenue Code Sections 430(d), 430(f), 430(g), 430(h)(2), 430(i), and 436. The rules go into effect Oct. 15.