EMPLOYEE PLANS CPE TECHNICAL TOPICS FOR 2001
-394- Training 4213-020 (Rev. 11/2000)
CHAPTER 5--ISSUES RELATED TO THE REPEAL OF IRC SECTION
415(e)
by Ann Trichilo and Marty Pippins (Reviewer)
EMPLOYEE PLANS TECHNICALλ
IIINTERNALL REVENUE SERVIIICE
TAX EXEMPT AND GOVERNMENT ENTITIES
TABLE OF CONTENTS
ISSUES RELATED TO THE REPEAL OF IRC SECTION 415(E) ...................................................................... 394
INTRODUCTION ....................................................................................................................................................... 396
OBJECTIVES.............................................................................................................................................................. 396
I. IRC 415(E) LIMITATION FOR LIMITATION YEARS BEGINNING BEFORE 2000(PRE-SBJPA 415(E)
LIMIT).......................................................................................................................................................................... 397
II. IRC 415(E) LIMITATION FOR LIMITATION YEARS BEGINNING AFTER DECEMBER 31, 1999 .... 398
III. NOTICE 99-44...................................................................................................................................................... 398
A. PLAN NOT AMENDED TO TAKE REPEAL OF IRC 415(E) INTO ACCOUNT.............................................................. 399
Example 1—Plans Incorporate Section 415 by Reference:.................................................................................. 400
Example 2—Plans do Not Incorporate Section 415 by Reference ....................................................................... 401
Example 3—Increase in Annuity to Retiree in Pay Status: .................................................................................. 403
Example 4 – Benefit in Form of 10 Equal Installments: ...................................................................................... 409
Example 5 – Single Sum Distribution: ........