Internal Revenue Bulletin: 2007-35
August 27, 2007
Section 906 of Pension Protection Act of 2006; Indian tribal governments; extension of transition relief. This notice extends the transition relief for plans of Indian tribal governments and related entities to comply with the changes made by section 906 of the Pension Protection Act of 2006 (PPA ’06) to the date that is six months after the issuance of additional guidance under section 414(d) of the Code as amended by section 906 of PPA ’06. Notice 2006-89 modified.
Weighted average interest rate update; corporate bond indices; 30-year Treasury securities. The weighted average interest rate for August 2007 and the resulting permissible range of interest rates used to calculate current liability and to determine the required contribution are set forth.
Normal retirement age; temporary relief. This notice provides temporary relief for certain pension plans whose definition of normal retirement age may be required to be changed to comply with the regulations regarding a plan’s normal retirement age that were recently issued under section 401(a) of the Code. Rev. Proc. 2007-4 and Notice 2007-3 modified.
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