2 pages. Excerpt: Advance notice to participants of 45 days (or 15 days in the case of a multiemployer plan) -- often referred to as a 'section 204(h) notice' -- is generally required when a plan is amended to significantly reduce the rate of future benefit accrual.... [Regulations to be issued shortly will provide that a] reduced single-sum benefit resulting from an amendment to a traditional defined benefit plan to substitute the PPA-prescribed actuarial assumptions under IRC §417(e)(3) for the pre-PPA actuarial assumptions under §417(e)(3) does not require a section 204(h) notice.

MORE >>