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Normal Retirement Age - Final Regulations Impact to Govt Plans


Guest ERISAQUEEN

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Guest ERISAQUEEN

The IRS issued final regulations on May 22, 2007 relating to the requirement for qualified retirement plans to include a definition for "normal retirement age" to mean more than years of service. The final regulations become effective for governmental plans the beginning of the first plan year on or after January 1, 2009. The IRS requested comments from governmental plan sponsors (see Notice 2007-69) relating to the normal retirement age requirements and its impact on governmental plans/employers. I am wondering if anyone is aware of the status of the IRS' review of the comments it received and whether the IRS intends to issue "new" proposed regulations or if the IRS plans to proceed with the final regulations in their current form.

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