IRS RELEASES TECHNICAL CORRECTIONS TO PROPOSED REGULATIONS ON REQUIRED MINIMUM DISTRIBUTIONS

[13177] February 20, 2001 TO: PENSION MEMBERS No. 11-01 PENSION OPERATIONS ADVISORY COMMITTEE No. 17-01 TRANSFER AGENT ADVISORY COMMITTEE No. 17-01 AD HOC COMMITTEE ON RMD REFORM RE: IRS RELEASES TECHNICAL CORRECTIONS TO PROPOSED REGULATIONS ON REQUIRED MINIMUM DISTRIBUTIONS The Internal Revenue Service recently released corrections to its proposed regulations on required minimum distributions.1 The IRS release lists various provisions in the proposed regulations that contain errors which may prove to be misleading and are in need of clarification. A copy of the correction notice is attached. Kathryn A. Ricard Associate Counsel Attachment Note: Not all recipients receive the attachment. To obtain a copy of the attachment to which this memo refers, please call the ICI Library at (202) 326-8304 and request the attachment for memo 13177. ICI Members may retrieve this memo and its attachment from ICINet (http://members.ici.org). Attachment (in .pdf format) 1 See Institute Memorandum to Pension Members No. 2-01, Pension Operations Advisory Committee No. 3-01 and Transfer Agent Advisory Committee No. 4-01, dated January 17, 2001.