Income taxes: Protected benefits; section 411(d)(6) anti-cutback rules; public hearing Correction,

[Federal Register: September 27, 2005 (Volume 70, Number 186)]

[Proposed Rules]

[Page 56418]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr27se05-32]

[[Page 56418]]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-156518-04]

RIN 1545-BE10

Section 411(d)(6) Protected Benefits; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking and notice of public hearing.

SUMMARY: This document corrects a notice of proposed rulemaking and notice of public hearing (REG-156518-04) that was published in the Federal Register on Friday, August 12, 2005 (70 FR 47155). The document contains regulations relating to the anti-cutback rules of section 411(d)(6) of the Internal Revenue Code, which generally protect accrued benefits, early retirement benefits, retirement-type subsidies, and optional forms of benefit under qualified retirement plans.

FOR FURTHER INFORMATION CONTACT: Pamela R. Kinard, (202) 622-6060 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The notice of proposed rulemaking and notice of public hearing (REG-156518-04) that is the subject of this correction is under section 411(d)(6) of the Internal Revenue Code.

Need for Correction

As published, REG-156518-04 contains errors that may prove to be misleading and are in need of clarification.

Correction of Publication

Accordingly, the notice of proposed rulemaking and notice of public hearing (REG-156518-04), that was the subject of FR Doc. 05-15960, is corrected as follows:

1. On page 47155, column 2, in the preamble under the caption ADDRESSES:, fourth line from the bottom of the paragraph, the language 156581-04). The public hearing will be'' is corrected to read ``156518- 04). The public hearing will be''.

   Sec. 1.411(d)-3 [Corrected]

2. On page 47159, column 1, Sec. 1.411(d)-3, (a)(4) paragraph (ii) Example 4, the last line of the paragraph, the language ``greater of the 2.'' is corrected to read, ``greater of the 2 vesting schedules (e.g., for G and each other participant in Plan E to be fully vested if the participant completes 5 years of service) for those account balances and earnings.''.

   Cynthia Grigsby, Acting Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

   [FR Doc. 05-19222 Filed 9-26-05; 8:45 am]

   BILLING CODE 4830-01-P