Revenue Ruling 2006-43 Addresses “Pick-up” Contributions |
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On August 28, 2006 the IRS released Revenue Ruling 2006-43 providing guidance on actions government entities should take to implement or maintain a qualified “pick-up” contribution to an employee plan. Contributions considered “picked up” are excluded from the employees’ gross income until they are distributed to the employees.
The January 2007 issue of the FSLG Newsletter contains an article on this ruling. To see this article, click here. To read Revenue Ruling 2006-43, click here.
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Page Last Reviewed or Updated: December 03, 2008