June 2, 1997
TO: PENSION COMMITTEE No. 18-97
PENSION OPERATIONS ADVISORY COMMITTEE No. 16-97
RE: IRS SEEKS COMMENTS ON MINIMUM DISTRIBUTION RULES APPLIED TO
403(b)s
______________________________________________________________________________
As part of its effort to reduce paperwork and regulatory burdens, the Internal Revenue
Service is reviewing proposed regulation 1.403(b)-2 and is soliciting comments. This regulation
provides rules regarding the minimum distribution requirements applicable to annuity
contracts, custodial accounts and other accounts described in Code section 403(b) and applies to
all benefits accruing after December 31, 1986.
The Institute would like to comment and is seeking your input on ways in which the
current regulation may be revised to reduce the administrative burdens it entails. Please
contact the undersigned either by telephone at 202/326-5835, via e-mail at rgaler@ici.org, or by
fax at 202/326-5839 with comments. The Institute must file comments with the Service by July
14. Please provide comments by no later than June 26.
Attached is a copy of the Notice and Request For Comments published in the Federal
Register and a copy of the regulation.
Russell G. Galer
Assistant Counsel - Pension
Attachment (in .pdf format)