| . . . . . . . . . . . . . . . . . . . . . . . . . 2017 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Plan years beginning on or after |
1/1/17 |
Multiple employer plans of certain cooperatives Changes to minimum funding standards otherwise applicable under basic PPA provisions. PPA §104(a). |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2015 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Sunset |
1/1/15 |
Multiemployer plans - Special minimum funding rules applicable to critical and endangered plans. PPA §221(c). |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2014 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Sunset |
9/30/14 |
IRS user fee program for determination letters. AJCA [P.L. 108-356]; IRC 7526(c). Extended from 12/31/04. |
| Plan years beginning on or after |
1/1/14 |
PBGC settlement plans Changes to minimum funding standards otherwise applicable under basic PPA provisions. PPA §105. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2013 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Sunset |
12/31/13 |
Transfer of excess defined benefit plan assets to 401(h) retiree health accounts. IRC 420(b)(5). |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2011 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Deadline |
1/31/11 |
Final day of EGTRRA remedial amendment period for Cycle E. Rev.Proc. 2005-66 sec. 12.01. Employer TIN ends in 5 or 0. |
| Plan years beginning on or after |
1/1/11 |
Plans of certain government contractors - Changes to minimum funding standards otherwise applicable under the preceding portions. An earlier effective date applies if the plan ceases to be an eligible government contractor plan or if the CASB publishes pension harmonization rules. PPA §106(a). |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2010 . . . . . . . . . . . . . . . . . . . . . . . . . |
Sunset |
12/31/10 |
EGTRRA provisions. EGTRRA sunset eliminated - PPA §811. |
Sunset |
12/31/10 |
Special $1,250 PBGC premium for distress or involuntary terminations. [ERISA §4006(a)(7) as added by DRA05 §8101(b)] Sunset eliminated - PPA §401(b). |
| Deadline |
1/31/10 |
Final day of EGTRRA remedial amendment period for Cycle D. Rev.Proc. 2005-66 sec. 12.01. Employer TIN ends in 4 or 9. |
| Deadline |
1/31/10 |
Final day of EGTRRA remedial amendment period for multiemployer plan. Rev.Proc. 2005-66 sec. 10.02. |
| Transactions on or after |
1/1/10 |
Tax-free of exchanges among certain insurance policies for long-term care contracts. PPA §844(g)(2). |
| Transactions on or after |
1/1/10 |
Information reporting relating to charges for qualified long-term care insurance contracts. PPA §844(g)(3). |
| Taxable years beginning on or after |
1/1/10 |
Tax treatment of insurance contracts with long-term care insurance feature Applicable to contracts issued on or after 1/1/1997. PPA §844(g)(1). |
| Taxable years beginning on or after |
1/1/10 |
Treatment of policy acquisition expenses for certain long-term care insurance contract arrangements. PPA §844(g)(4). |
| Plan years beginning on or after |
1/1/10 |
Eligible combined defined benefit plan and qualified cash or deferred arrangement. PPA §903(c). |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2009
. . . . . . . . . . . . . . . . . . . . . . . . . |
| Deadline |
1/31/09 |
Final day of EGTRRA remedial amendment period for Cycle C. Rev.Proc. 2005-66 sec. 12.01. Employer TIN ends in 3 or 8. |
| Deadline |
1/31/09 |
Final day of EGTRRA remedial amendment period for governmental plan. Rev.Proc. 2005-66 sec. 10.04. |
| Taxable year containing |
1/1/09 |
Special exemption excise tax on multiemployer plan funding deficiency Applicable only to one particular multiemployer plan. PPA §214. |
| Plan year beginning on or after |
1/1/09 |
Anti-cutback relief for PPA-related plan amendments Amendment must be made on or before the final date of the 2009 plan year. PPA §1107(b). Delayed effective date applies for governmental plan. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2008 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Expiration |
12/31/08 |
Dividends taxed at capital gains tax rates. IRC 1(h). |
| Deadline |
12/31/08 |
Governmental plan pick-up contributions - Written documentation (applicable for arrangements in existence on or before 8/28/2006). Rev. Rul. 2006-43. |
| Periods beginning after |
12/15/08 |
Governmental employer accounting and financial reporting for postemployment benefit plans other than pensions. GASB 45. Applicable to plans where sole or largest participating employer has annual revenues less than $10 million. See also GASB 45 entries for 12/15/06 and 12/15/07. |
| Deadline |
1/31/08 |
Final day of EGTRRA remedial amendment period for Cycle B. Rev.Proc. 2005-66 sec. 12.01. Employer TIN ends in 2 or 7. |
| Deadline |
1/31/08 |
Final day of EGTRRA remedial amendment period for governmental plan. Rev.Proc. 2005-66 sec. 10.03. |
| Transactions on or after |
1/1/08 |
Direct rollover from retirement plan to Roth IRA. PPA §824(c). |
| Plan years beginning on or after |
1/1/08 |
Plan amendment for lump sum limit under IRC §415 - Must be adopted by end of plan year. PPA §301(c). |
| Plan years beginning on or after |
1/1/08 |
Interest rate assumption for determination of lump sum distributions Subject to 5-year phase-in. PPA §302(c). |
| Plan years beginning on or after |
1/1/08 |
Hybrid plan vesting and interest rate requirements. PPA §701(e)(3). Earlier applicability may be elected. Delayed effective date for collectively bargained plans.. |
| Plan years beginning on or after |
1/1/08 |
Requirement for additional survivor annuity option. PPA §1004(c). Delayed effective date for collectively bargained plans. |
| Plan years beginning on or after |
1/1/08 |
Deduction limit - Single-employer plans [PPA §801(e)(1)]; Multiemployer plans [PPA §802(b)]. |
| Plan years beginning on or after |
1/1/08 |
Minimum funding standards for defined benefit pension plans. PPA §101(d), §111(b). |
| Plan years beginning on or after |
1/1/08 |
Minimum funding standards for single-employer plans. PPA §102(c), §112(b). |
| Plan years beginning on or after |
1/1/08 |
Transition rule Exemption from new shortfall amortization base for plans reaching certain targeted funded ratios during a 3-year phase-in period beginning in 2008. ERISA §303(c)(5) added by PPA §102(a); IRC §430(c)(5) added by PPA §112(a). |
| Plan years beginning on or after |
1/1/08 |
Technical and conforming amendments relating to minimum funding standards. PPA §107(e). |
| Plan years beginning on or after |
1/1/08 |
Defined benefit plan funding notice. PPA §501(d). |
| Plan years beginning on or after |
1/1/08 |
Additional annual reporting requirements. PPA §503(f). |
| Plan years beginning on or after |
1/1/08 |
Benefit limitations for underfunded single-employer Plans With delayed effective date as late as plan years beginning on or after 1/1/2010 for plans maintained subject to collective bargaining agreement. PPA §103(c), §113(b). |
| Plan years beginning on or after |
1/1/08 |
PBGC variable-rate premium Modification of valuation assumptions. PPA §401(a)(2). |
| Plan years beginning on or after |
1/1/08 |
ERISA 4010 filings Changes in filing criteria. PPA §505(c). (Note: PPA technically refers to years versus plan years.) |
| Plan years beginning on or after |
1/1/08 |
Minimum funding for multiemployer plans. PPA §201(d)(1), §211(b)(1). |
| Plan years beginning on or after |
1/1/08 |
Additional funding pules for multiemployer plans in endangered or critical status. PPA §202(f)(1), §212(e)(1). Special dates apply for certain notices and for certain restored benefits. Note sunset rule described for 2015. |
| Plan years beginning on or after |
1/1/08 |
Multiemployer plans - Determinations of impending insolvency. PPA §203(b), §213(b). |
| Plan years beginning on or after |
1/1/08 |
Access to multiemployer pension plan information. PPA §502(d). |
| Plan years beginning on or after |
1/1/08 |
Automatic contribution arrangements. PPA §902(g)
. |
| Plan years beginning on or after |
1/1/08 |
Diversification requirements for certain employer securities held in an ESOP. §901(c)(3). |
| Plan years beginning on or after |
1/1/08 |
Inapplicability of fiduciary liability relief during suspension of investment direction. PPA §621(b). Delayed effective date for collectively bargained plans.. |
| Plan years beginning on or after |
1/1/08 |
Increase in maximum bond amount Applicable to plan holding employer securities. PPA §622(b). |
| Plan years beginning on or after |
1/1/08 |
Electronic accessibility of annual report information. PPA §504(b). |
| Effective Date (proposed) |
1/1/08 |
§403(b) regulations. See IRS Employee Plan News, 8/29/06. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2007 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Last day of plan years beginning on or before |
12/31/07 |
Amendment of plan to reflect GOZA hurricane relief provisions. |
| Relief transition sunset |
12/31/07 |
Compliance with IRC §409A(b) - see Notice 2006-33. |
| Sunset |
12/31/07 |
Tax-free distributions from IRAs for charitable purposes. IRC §408(d)(8)(F) as enacted by PPA §1201(a). |
| Periods beginning after |
12/15/07 |
Governmental employer accounting and financial reporting for postemployment benefit plans other than pensions. GASB 45. Applicable to plans where sole or largest participating employer has annual revenues at least $10 million but less than $100 million. See also GASB 45 entries for 12/15/06 and 12/15/08. |
| Periods beginning after |
12/15/07 |
Governmental plan financial reporting for postemployment benefit plans other than pensions. GASB 43. Applicable to plans where sole or largest participating employer has annual revenues less than $10 million. See also GASB 43 entries for 12/15/05 and 12/15/06. |
| Effective date |
8/17/07 |
Extension of Tier II Railroad Retirement benefits to surviving former spouses pursuant to divorce agreements. PPA §1003(b). |
| Effective date |
8/17/07 |
Benefit entitlement of divorced spouses to railroad retirement annuities independent of actual entitlement of employee. PPA §1002(b). |
| Deadline |
8/17/07 |
Revocation of election of treatment as multiemployer plan. PPA §1106. |
| Deadline |
8/17/07 |
Waiver of Limitations relating to Exemption from Early Penalty Penalty for Certain Military Personnel - Deadline for filing claim for refund or credit of certain tax overpayment. [PPA §827(c)(2)] See also the underlying provision at 9/12/2001. |
| Deadline for publication of regulation |
8/17/07 |
Time and order of issuance of domestic relations order. PPA §1001. |
| Deadline for publication of regulation |
2/13/07 |
Hardship distribution rules Modified regulations. PPA §826. |
| Applications received on or after |
2/1/07 |
Anticipated commencement of IRS acceptance of applications for opinion and advisory letters for pre-approved defined benefit plans. Rev.Proc. 2005-10 sec. 1.02. |
| Deadline |
1/31/07 |
Final day of EGTRRA remedial amendment period for Cycle A. Rev.Proc. 2005-66 sec. 12.01. Employer TIN ends in 1 or 6. |
| Statements issued after |
1/1/07 |
Governmental employer statement inclusion of information about possible reductions in Social Security benefits due to government employment. Social Security Protection Act of 2004. |
| Last day of plan year beginning on or after |
1/1/07 |
Adoption of plan amendments relating to qualified hurricane distributions or other hurricane relief. [IRC 1400Q(d) as added by GOZA] |
| Sales on or after |
1/1/07 |
Multiemployer plan withdrawal liability reforms - Increase in limits. PPA §204(a)(3). |
| Withdrawals on or after |
1/1/07 |
Multiemployer plan withdrawal liability reforms - Applicability to plans in building/construction. [PPA §204(c)(3). |
| Distributions on or after |
1/1/07 |
Rollovers by Nonspouse Beneficiaries. PPA §829(b). |
| Advice provided on or after |
1/1/07 |
Investment advice Change to prohibited transaction rules. PPA §601(a)(3), §601(b)(4). |
| Taxable years beginining on or after |
1/1/07 |
Rollovers of after-tax contributions in 403(b) annuities. PPA §822(b). |
| Taxable years beginining on or after |
1/1/07 |
Transfer of excess pension assets to multiemployer health plan. PPA §842(b). |
| Taxable years beginining on or after |
1/1/07 |
Distributions from governmental plans for health and long-term care insurance for public safety officers. PPA §845(c). |
| Taxable years beginining on or after |
1/1/07 |
Allowance of reserve for medical benefits of plans sponsored by bona fide associations. PPA §843(b). |
| Taxable years beginining on or after |
1/1/07 |
Inflation indexation of gross income thresholds for certain retirement savings thresholds. PPA §833(d). |
| Taxable years beginining on or after |
1/1/07 |
Allowance of additional IRA payments in certain bankruptcy cases. PPA §831(b). |
| Taxable years beginining on or after |
1/1/07 |
Direct payment of tax refunds to IRA. PPA §830(b). |
| Taxable years beginining on or after |
1/1/07 |
Elimination of aggregate limit for usage of excess funds from black lung disability trusts. PPA §862(b). |
| Plan years beginining on or after |
1/1/07 |
Notice and consent period regarding distributions. PPA §1102(a)(3), (b)(2). |
| Plan years beginining on or after |
1/1/07 |
Distributions during working retirement. PPA §905(c). |
| Plan years beginining on or after |
1/1/07 |
Periodic pension benefit statements Modifications to rules. PPA §508(c). Delayed effective date for collectively bargained plans. |
| Plan years beginining on or after |
1/1/07 |
PBGC premiums for small plans Relief. PPA §405(b). |
| Plan years beginining on or after |
1/1/07 |
Accelerated vesting of employer nonelective contributions. PPA §904(c). Delayed effective date for collectively bargained plans. |
| Plan years beginining on or after |
1/1/07 |
Diversification requirements for defined contribution plans. PPA §901(c)(1). Delayed effective date applies to collectively bargained plan. |
| Plan years beginining on or after |
1/1/07 |
Notice of freedom to divest employer securities. PPA §507(d). |
| Plan years beginining on or after |
1/1/07 |
Investment of assets where participant fails to direct. PPA §624(b)(1). |
| Plan years beginining on or after |
1/1/07 |
Simplified annual filing requirements - Filing requirement for plans with fewer than 25 participants. PPA §1103(b). |
| Plan years beginining on or after |
1/1/07 |
Simplified annual filing requirements - Filing requirement for owners and spouses. PPA §1103(a)(4). |
| Plan years beginining on or after |
1/1/07 |
Exemption of certain church plan benefits from compensation-based IRC §415 limitation. PPA §867(b) (Note: PPA refers to years rather than to plan years. The change will likely be applied to limitation years beginning on or after 1/1/2007.) |
| Effective date (proposed) |
1/1/07 |
Regulations regarding 409A for nonqualified deferred compensation. |
| Deadline |
1/1/07 |
Operational compliance with Heinz reforming amendment. Rev.Proc. 2005-76 sec. 3, extending the deadline originally set in Rev.Proc. 2005-23. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2006 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Last day of plan years beginning on or before |
12/31/06 |
Amendment of plan to comply with PFEA change to 415(b)(2)(E)(ii) for 2004-2005. [Notice 2005-95: V] |
| QJSA explanations provided on or before |
12/31/06 |
Reasonable good-faith compliance for relative value disclosures. IRS "Employee Plan News" Winter 2006 edition. Inapplicable to certain optional benefit forms subject to 417(e)(3). |
| Distributions or plan loans made on or before |
12/31/06 |
Qualified hurricane distributions eligible for exemption from IRC 72(t) excise tax and other special treatment. Eligible plan loans subject to relaxed restrictions. [IRC 1400Q as added by GOZA] |
Sunset Date |
12/31/06 |
Savers Credit Sunset eliminated by PPA §812. |
| Sunset Date |
12/31/06 |
Mental health parity requirements, as extended by P.L. 109-151. |
| Periods beginning after |
12/15/06 |
Governmental employer accounting and financial reporting for postemployment benefit plans other than pensions. GASB 45. Applicable to plans where sole or largest participating employer has annual revenues at least $100 million. See also GASB 45 entries for 12/15/07 and 12/15/08. |
| Periods beginning after |
12/15/06 |
Governmental plan financial reporting for postemployment benefit plans other than pensions. GASB 43. Applicable to plans where sole or largest participating employer has annual revenues at least $10 million but less than $100 million. See also GASB 43 entries for 12/15/05 and 12/15/07. |
| Financial statements for annual periods ending after |
12/15/06 |
Accounting standards for reporting contract value of fully responsive investment contracts. FASB Staff Position AAG INV-1 and SOP 94-4-1. |
| |
10/16/06 |
SEC requirement for mutual fund companies to have agreements with plan administrators and recordkeepers to track market timing redemption fees. |
| Proceedings initiated on or after |
9/16/2006 |
Employer bankruptcy Bankruptcy filing substituted for termination date. PPA §404(c). |
| NOITs on or after |
9/16/2006 |
Acceleration of PBGC computation of benefits attributable to recoveries. PPA §408(c). |
| Distributions made on or after |
8/18/2006 |
Hybrid plan rules for present value of accrued benefit. PPA §701(e)(2). |
| Distributions on or after |
8/18/2006 |
Waiver of excise tax on early withdrawals by public safety employees. PPA §828(b). |
| Transactions on or after |
8/18/2006 |
Prohibited transaction rules for certain financial investments. PPA §611(h)(1). |
| Transactions on or after |
8/18/2006 |
Correction period for certain transactions involving securities and commodities. PPA §612(c). |
| Transactions on or after |
8/18/2006 |
Nonqualified deferred compensation plans Restrictions on funding of non-qualified plans if employer maintains an underfunded or terminated single-employer plan. PPA §116(c). |
| Transfers on or after |
8/18/2006 |
Transfer of excess pension assets for retiree health benefits. PPA §841(b). |
| NOIT on or after |
8/18/2006 |
Disclosure of plan termination information to plan participants. PPA §506(c). |
| Contracts issued on or after |
8/18/2006 |
Tax treatment of death benefits from corporate-owned life insurance. PPA §863(d). |
| Plan years beginning on or after |
8/18/2006 |
Extension of nondiscrimination requirement moratorium to all governmental plans. PPA §861(c). |
| Plan years beginning on or after |
8/18/2006 |
Bonding requirements. PPA §611(h)(2). |
| Plan years ending on or after |
8/18/2006 |
Special funding rules for certain plans maintained by commercial airlines. PPA §402(j). |
| Plan years ending on or after |
8/18/2006 |
Grandfather rule under IRC §401(a)(9) for church plans that self-annuitize. PPA §865(a). |
| Increases taking effect on or after |
8/18/2006 |
Cost-of-living adjustments for tax court judge survivor annuities. PPA §851(b). |
| First open season on or after |
8/18/2006 |
Participation by tax court judges in Thrift Savings Plan. PPA §853. |
| Increase in cost on or after |
8/18/2006 |
Cost of life insurance coverage for tax court judges age 65 and older. PPA §852. |
| Transactions occurring on or after |
8/17/2006 |
ERISA Title IV treatment of controlled group membership change or cessation. PPA §409(b). |
| "Periods beginning not earlier than" |
8/17/2006 |
Interest on refund of PBGC premiums. PPA §406(b). |
| Work transferred on or after |
8/17/2006 |
Multiemployer withdrawal liability Continuation if work contracted out. PPA §204(b)(2). |
| Receipt of notification on or after |
8/17/2006 |
Procedures for multiemployer withdrawal liability disputes Applicable with respect to transaction occurring on or after 1/1/1999. PPA §204(d)(2). |
| Violations occurring on or after |
8/17/2006 |
Increase in penalties for coercive interference with exercise of ERISA rights. PPA §623(b). |
| Years beginning on or after |
8/17/2006 |
Treatment of plan maintained by Indian tribal government as governmental plan. PPA §906(c). |
| Weeks beginning on or after |
8/17/2006 |
No reduction in unemployment compensation on account of pension rollover. PPA §1105(b). |
| Periods beginning on or after |
8/17/2006 |
Applicability of IRS regulations for minimum required distributions under §401(a)(9) to governmental plans, as contrasted with good-faith interpretation of statute. PPA §823. Note: Effective date here based on JCX-30-06 Technical Explanation. |
| |
8/17/2006 |
Voluntary early retirement incentive and employment retention plans maintained by local educational agencies. PPA §1104(d). |
| Effective date |
8/17/2006 |
Clarification of fiduciary rules relating to selection of annuity contract as optional form of distribution from an individual account plan. §625(b). Regulations are to be published by 8/17/2007. |
| Effective date |
8/17/2006 |
Directorship of PBGC - New authorization and procedures. §411(d). |
| Enactment |
8/17/2006 |
Pension Protection Act of 2006 [P.L. 109-280] |
| Deadline |
5/15/06 |
Medicare Part D prescription drug program - Final day to join a plan offering coverage for 2006. |
|
4/20/06 |
HIPAA security standards applicable to small group health plans. |
| Deadline |
3/31/06 |
First notice by employer/union-sponsored group health plans to CMS of prescription drug creditable coverage. See Disclosure to CMS Guidance. |
| Recontribution received on or before |
2/28/06 |
Preferential tax treatment for certain distributions received previously by hurricane victims. [IRC 1400Q(b) as added by GOZA] |
|
2/28/06 |
Medicare Part D subsidy payments commence. |
| Distributions with annuity starting date on or after |
2/1/06 |
Relative value disclosures required in QJSA notices. Ann.2004-58. Reasonable good-faith compliance permitted through 12/31/06. Note: See 10/1/04 for date applicable to certain lump sum distributions. |
| Commencement |
2/1/06 |
Opening of IRS determination letter program for initial remedial amendment cycle for individually designed plans. Rev.Proc. 2005-66 sec.15.01. See also Rev.Proc. 2005-10 sec.1.02 and Notice 2005-101 sec. III. |
| Deadline |
1/31/06 |
IRS accepting applications for opinion and advisory letters for defined contribution pre-approved plans that address EGTRRA and other qualification requirements. |
| Deadline |
1/23/06 |
Resolution of tax shelter abuse issues through IRS settlement initiative. Ann. 2005-80. Further IRS settlement initiatives are not currently anticipated. |
| Effective date |
1/18/06 |
Final USERRA regulations. 20 CFR 1002 (RIN 1293-AA09). see 12/12/94 for USERRA effective date. |
| Plan years beginning on or after |
1/1/06 |
Extension of PFEA interest rate basis for funding standards through 2006 and 2007 plan years. PPA §301. |
| Plan years beginning on or after |
1/1/06 |
Extension of 2005 interest rate basis for PBGC variable-rate premiums through 2006 and 2007 plan years. PPA §301(a)(3). |
| Plan years beginning on or after |
1/1/06 |
Final regulations under IRC 401(k and 401(m). Employers were permitted to accelerate application to years ending or or after 12/30/04. |
| Plan years beginning on or after |
1/1/06 |
Deduction rules for combination of plans. PPA §803(d). |
| Plan years beginning on or after |
1/1/06 |
Special deduction rule under IRC §404(a)(1)(D). PPA §801(e)(2). |
| Years beginning on or after |
1/1/06 |
Determination of average compensation for IRC §415 limits. PPA §832(b). (Note: PPA refers to years rather than to plan years. The change will likely be applied to limitation years beginning on or after 1/1/2006.) |
| Employee tax years beginning on or after |
1/1/06 |
Roth 401(k) contributions permitted. IRC 402A, as added by EGTRRA 617. Note that the regulatory effective date could be later, depending on the 401(k) regulatory effective date of the plan. EGTRRA sunset: end of 2010. |
| Plan amendments adopted on or after |
1/1/06 |
Anti-cutback protections for contingent event benefits under IRC 411(d)(6). See Regulations under 411(d)(6) published 8/11/05. |
| NOITs provided on or after |
1/1/06 |
Applicability of PPA rules for substantial owner benefits in terminated plans. PPA §407(d). |
| DB plan terminations on or after |
1/1/06 |
Applicability of special 3-year PBGC premium of $1,250 for distress or involuntary terminations. [ERISA §4006(a)(7) as added by DRA05 §8101(b)] See 12/31/10 for sunset. |
| Taxable years beginning on or after |
1/1/06 |
Tax-free distributions from IRAs for charitable purposes. Provision sunsets after 2007. PPA §1201(c)(1) |
| Effective date |
1/1/06 |
Medicare Part D prescription drug benefit. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2005 . . . . . . . . . . . . . . . . . . . . . . . . . |
Expiration |
12/31/05 |
Temporary reference to 5.5% for determination of 415 limitations for optional forms subject to 417(e)(3). IRC 415(b)(2)(E)(ii). Permanently extended (with revisions). PPA §303(b). |
| Deadline |
12/31/05 |
Adoption of plan amendment to reflect automatic rollover requirements (or deadline under Rev.Proc. 2005-66, if later). [Notice 2005-95: IV] |
| Deadline |
12/31/05 |
Adoption of corrective plan amendment for disqualifying provision of retroactive annuity starting date (or deadline under Rev.Proc. 2005-66, if later). [Notice 2005-95: IV] |
| Expiration |
12/31/05 |
Archer medical savings accounts (MSAs). IRC 220(i). |
| First fiscal year beginning on or after |
12/15/05 |
SFAS 132R rules for share-based payments - applicability to public entities that file as small business entities. 17 CFR 210.4-01(a)(3)(i). SEC revision of FASB effective date. |
| Beginning of first interim or annual reporting period beginning after |
12/15/05 |
SFAS 132R rules for share-based payments - applicability to public entities that file as small business entities. SFAS 132R. See delay permitted by SEC. |
| Beginning of first annual reporting period beginning after |
12/15/05 |
SFAS 132R rules for share-based payments - applicability to nonpublic entities. SFAS 132R. Unaffected by SEC delay. |
| Periods beginning after |
12/15/05 |
Governmental plan financial reporting for postemployment benefit plans other than pensions. GASB 43. Applicable to plans where sole or largest participating employer has annual revenues at least $100 million. See also GASB 43 entries for 12/15/06 and 12/15/07. |
| Deadline |
11/15/05 |
Notification to active and retired workers of prescription drug creditable coverage relating to Medicare Part D |
| Deadline |
10/31/05 |
Mass submitter and national sponsor submission for volume submitter implementing amendment. Ann. 2005-37. |
| Events occurring on or after |
7/27/05 |
Limitation on PBGC guarantee of shutdown benefits. PPA §403(b). |
| Plan amendments adopted and effective on or after |
6/30/05 |
Conversion of traditional defined benefit plan to cash balance plan or other hybrid pension plan - PPA requirements. PPA §701(e)(5). |
| Applications filed on or before |
6/30/05 |
Multiemployer plan amortization extensions Applicability of pre-PPA rules. PPA §201(d)(2), PPA §211(b)(2). |
| Periods beginning on or after |
6/29/05 |
General applicability (except as otherwise provided) of PPA rules for cash balance plans and other hybrid pension plans. PPA §701(e)(1). |
| Effective Date |
6/21/05 |
IRS' Circular 230: best practices for tax advisors; requirements for covered opinions and other written advice; compliance procedures; and violation sanctions. See §10.33; §10.35; §10.36; §10.37; §10.52. |
| Mandatory distributions made on or after |
3/28/05 |
DOL regulations on direct rollover. |
| Effective date |
3/10/05 |
Notification of USERRA rights. 38 USC 4334, as added by VBIA. |
| Plan years beginning on or after |
1/1/05 |
Multiemployer plan funding status notification requirement. ERISA 101(f), as added by PFEA 103. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2004 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Plan years ending on or after |
12/30/04 |
Plan permitted to adopt final 401(k)/(m) regulations in advance of required effective date (see 1/1/2006). |
| Distributions with annuity starting date on or after |
10/1/04 |
Relative value disclosures required in QJSA notices with respect to single sum distributions with less value than QJSA. Ann.2004-58. See 2/1/06 for delayed effective date for other distribution forms. |
| Fiscal years ending on or after |
6/15/04 |
Revised disclosure requirements for nonpublic entities and for foreign pensions/OPEBs of publicly traded companies. SFAS 132(R). |
| Interim or annual reporting periods beginning after |
6/15/04 |
Accounting and disclosure requirements related to Medicare Part D prescription drug coverage. FSP FAS 106-2. |
| Plan years beginning on or after |
1/1/04 |
Final IRS regulations relating to retroactive annuity starting date. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 2003 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Fiscal years ending on or after |
12/15/03 |
Revised disclosure requirements for domestic pensions/OPEBs of publicly traded companies. SFAS 132(R). |
| Effective date |
1/26/03 |
Blackout period notices and insider trading restrictions during blackouts. Sarbanes-Oxley Act §306. See also technical correction in PPA §509. |
. . . . . . . . . . . . . . . . . . . . . . . . . 2002 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Enactment |
7/30/2002 |
Sarbanes-Oxley Act of 2002 [P.L. 107-204] |
| Transfers on or after |
1/1/2002 |
Rules relating to trustee-to-trustee transfers for purchase of permissive service credit. EGTRRA §647(c). See also technical correction in PPA §821. |
. . . . . . . . . . . . . . . . . . . . . . . . . 2001 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Distributions on or after |
9/12/2001 |
Exemption from early withdrawal penalty for certain military personnel. PPA §827(c)(1). See 8/17/2007 deadline for filing claim for refund or credit of tax overpayment. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 1998 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Contributions made in years beginning on or after |
1/1/1998 |
Rules under IRC §415(n) relating to purchase of permissive service credit. TRA97 §1526(c). See also technical correction in PPA §821. |
| Taxable years beginning on or after |
1/1/1998 |
Roth IRAs under IRC 408A. |
| . . . . . . . . . . . . . . . . . . . . . . . . . 1994 . . . . . . . . . . . . . . . . . . . . . . . . . |
| Reemployment on or after |
12/12/94 |
Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) applicable. See 1/18/06 for regulatory effective date. |