Proposed Regulation

Notice of Significant Reduction in the Rate of Future Benefit Accrual: Correction

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[Federal Register: December 21, 1995 (Volume 60, Number 245)]
[Rules and Regulations]
[Page 66082-66083]
DEPARTMENT OF THE TREASURY
26 CFR Parts 1 and 602
[TD 8631]
RIN 1545-AT79

Notice of Significant Reduction in the Rate of Future Benefit Accrual; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to final regulations.

SUMMARY: This document contains a correction to the final regulations (TD 8631) which were published in the Federal Register for Friday, December 15, 1995 (60 FR 64320). The final regulations provide guidance concerning the requirements of section 204(h) of the Employee Retirement Income Security Act of 1974, as amended (ERISA), relating to defined benefit plans and to individual account plans that are subject to the finding standards of section 302 of ERISA.

EFFECTIVE DATE: December 15, 1995.

FOR FURTHER INFORMATION CONTACT: Betty J. Clary (202) 622-6070 (not a toll-free number).

[[Page 66083]]

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are the subject of this correction are under section 411 of the Internal Revenue Code.

Need for Correction

As published, TD 8631 contains an error which is in need of correction.

Correction of Publication

Accordingly, the publication to the final regulations which is the subject of FR Doc. 95-30416, is corrected as follows:

On page 64321, column 3, in the preamble, following the paragraph heading Effective Dates, line 5, the language "or after January 2, 1996." is corrected to read "or after December 30, 1995.".

Michael Slaughter,
Acting Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 95-30977 Filed 12-15-95; 3:31 pm]
BILLING CODE 4830-01-U