ICI Draft Recommendations for 2012-2013 Treasury/IRS Guidance Priority List - Retirement Plan Items

URGENT/ACTION REQUESTED

[26072]

April 23, 2012

TO: PENSION COMMITTEE No. 13-12
PENSION OPERATIONS ADVISORY COMMITTEE No. 13-12 RE: ICI DRAFT RECOMMENDATIONS FOR 2012-2013 TREASURY/IRS GUIDANCE PRIORITY LIST - RETIREMENT PLAN ITEMS

 

Notice 2012-25 invites public comment on recommendations for Treasury’s 2012-2013 Guidance Priority List. [1] The Institute plans to submit a letter recommending retirement plan items to be included on the list by the Notice’s deadline of May 1, 2012. [2]

Attached for your review is a draft Institute letter requesting the inclusion of several guidance projects on the 2012-2013 Guidance Priority List, including guidance resolving the treatment of partial rollovers of distributions containing both after-tax and pre-tax amounts and guidance on terminating 403(b) plans funded through individual custodial accounts. The attached letter includes only retirement security items; the Institute will submit a separate letter with recommendations regarding regulated investment companies.

If you have comments on this draft, please contact the undersigned at 202/326-5821 or Elena.Chism@ici.org by the close of business on Friday, April 27, 2012.

 

Elena Barone Chism
Associate Counsel

Attachment

endnotes

 [1] Notice 2012-25 is available at http://www.irs.gov/pub/irs-drop/n-12-25.pdf.

 [2] For a copy of the Institute’s recommendations for the 2011-2012 Guidance Priority List, see Memorandum to Pension Members No. 25-11 [25235], dated May 31, 2011. The 2011-2012 Priority Guidance Plan is available at http://www.irs.gov/pub/irs-utl/2011-2012_pgp_2nd_update.pdf (items relating to retirement benefits appear on pages 5 through 8).