Friday
Dec042009
What's New: 2009 Required Minimum Distribution Waiver
Friday, December 4, 2009 at 11:34AM by Banking Spectrum
The Worker, Retiree, and Employer Recovery Act of 2008 waives required minimum distributions for 2009 from certain retirement plans.
In September 2009, the Internal Revenue Service provided guidance regarding this legislation. For example, the waiver of the RMD rules affects distributions for 2009 only. Also, for individuals who have taken their 2009 RMD, there are provisions that may allow the distributed amounts to be rolled over. For additional information and more details on this temporary waiver, see 2009 Required Minimum Distribution Waiver.
The guidance also provides amendment information and sample amendments for plan sponsors (see Pension Plan Required Amendments, RMD Waiver for 2009).
In September 2009, the Internal Revenue Service provided guidance regarding this legislation. For example, the waiver of the RMD rules affects distributions for 2009 only. Also, for individuals who have taken their 2009 RMD, there are provisions that may allow the distributed amounts to be rolled over. For additional information and more details on this temporary waiver, see 2009 Required Minimum Distribution Waiver.
The guidance also provides amendment information and sample amendments for plan sponsors (see Pension Plan Required Amendments, RMD Waiver for 2009).
Archived In: Pension, What's New
Pension, What's New
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