Employee Benefits
EMPLOYEE BENEFITS
The IRS issues final regulations related to the “minimum cost” requirement under IRC section 420, which governs the transfer of excess defined benefit pension plan assets to a retiree health account. The new rules, which apply to transfers occurring on or after December 18, 1999, have an effective date of June 19, 2001 ( ftp.fedworld.gov/pub/irs-regs/td8948.pdf ).
