IRS Issues New Regulations for Hybrid Retirement Plans

December 06, 2010
The Internal Revenue Service recently issued final regulations under Sections 411(a)(13) and 411(b)(5) of the Internal Revenue Code of 1986, as amended, providing guidance on the minimum vesting standards and accrual requirements for hybrid defined benefit pension plans. These regulations generally apply to plan years beginning on or after January 1, 2011. This update clarifies the final regulations.