412.06-00. Minimum Funding Waiver

• Date: 16 August 2024
• Year: 2024
• Record Number: 202433005
• UILC Number: 412.06-00
• Subject Matter: Minimum Funding Waiver

Internal Revenue Service

Department of the Treasury

Washington, DC 20224

Number: 202433005

Release Date: 8/16/2024

Index Number: 412.06-00

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In Re: ----------------------------------------------------

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Third Party Communication: None

Date of Communication: Not Applicable

Person To Contact:

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Telephone Number:

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Refer Reply To:

CC:EEE:EB:QP2

PLR-122455-23

Date:

May 13, 2024

Dear ----------------:

This letter constitutes notice that the conditions applicable to the waiver of the minimum

funding standard for the Plan (PLR-115183-20) previously granted for the plan year

ending December 31, 2020 (Plan Year) have been modified subject to the conditions

listed below. This waiver is for the remaining unpaid minimum required contribution for

the Plan Year; all waiver amortization payments attributable to this waiver and all

outstanding waivers must be paid as stated in § 412(c)(1)(C) of the Internal Revenue

Code (the Code).

This waiver is contingent on Tax payer’s satisfaction of all of the following conditions,

and the failure to satisfy conditions 1-6 renders this waiver retroactively null and void as

of the date the waiver is granted. However, if Taxpayer satisfies conditions 7-9, then a

failure to satisfy condition 4 will not result in this waiver being retroactively null and void

as of the date the waiver is granted.

1. Collateral acceptable to the Pension Benefit Guaranty Corporation (PBGC) is

provided to Plan for the full amount of the minimum funding waiver for the 2020

plan year within 120 days from the date of the IRS ruling letter granting the

waiver;

2. Pursuant to section 3608(a) of the CARES Act, Pub. L. 116-136, and Notice

2020-82, 2020-49 IRB 1458, Taxpayer will make a timely contribution to the Plan

Taxpayer

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Plan

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