Executive Branch
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<nobr>Apr 16, 2008</nobr> ERIC Comments on Proposed Hybrid Retirement Plan Regulations
ERIC's comments to the Department of Treasury and Internal Revenue Service on proposed regulations relating to hybrid pension plans urged the agencies to make significant changes in the regulations and the philosophy with which Treasury and IRS are pursuing. The Pension Protection Act of 2006, in which Congress effectively "blessed" the development of cash balance and other hybrid plans, largely took effect on January 1, 2008, but plan sponsors have been left waiting for final regulations from Treasury and IRS to flesh out the details. |