Final regulations under section 401 of the Code provide rules permitting in-service distributions to be made to a participant from a pension plan upon the participant’s attainment of normal retirement age. A plan’s normal retirement age must be an age that is not earlier than the earliest age that is reasonably representative of the typical retirement age for the industry in which the covered workforce is employed. A transition rule under section 411(d)(6) permitting the elimination of certain in-service distribution rights is provided. These regulations affect sponsors of, and participants in, tax-qualified plans.

Proposed regulations under section 430 of the Code provide generally applicable mortality tables to be used in determining present value or making any computation for purposes of applying the minimum funding requirements for single employer qualified defined benefit pension plans pursuant to changes made by the Pension Protection Act of 2006 (Pub. L. No. 109-280). The regulations also provide guidance regarding an employer’s request to use its own plan-specific mortality tables.