April 5, 1994
TO: PENSION COMMITTEE NO. 14-94
RE: IRS REVISES DEFINED CONTRIBUTION PLAN LISTING OF REQUIRED
MODIFICATIONS
__________________________________________________________
Attached is a copy of the Internal Revenue Service Listing
of Required Modifications (LRMs) relating to defined contribution
plans. The most extensive changes from the December 1991 version
of the LRMs relate to the definition of compensation, permitted
disparity, direct rollovers, restrictions on immediate
distributions, and employer reliance upon IRS opinion letters.
These and other changes to the 1991 LRMs are underlined.
We will keep you informed of developments.
Kathy D. Ireland
Associate Counsel - Pension
Attachment