# Minimum Cost Requirement Permitting the Transfer of Excess Assets of a Defined Benefit Pension Plan to a Retiree Health Account; Correction
**AGENCY:**
Internal Revenue Service (IRS), Treasury.
**ACTION:**
Correction to final regulations.
**SUMMARY:**
This document contains corrections to final regulations that were published in the *Federal Register* on Tuesday, June 19, 2001 (66 FR 32897) relating to the minimum cost requirement under section 420, which permits the transfer of excess assets of a defined benefit pension plan to a retiree health account.
**DATES:**
This correction is effective June 19, 2001.
**FOR FURTHER INFORMATION CONTACT:**
Janet A. Laufer or Vernon S. Carter, (202) 622-6060 (not a toll-free number).
**SUPPLEMENTARY INFORMATION:**
**Background**
The final regulations that are the subject of these corrections are under section 420 of the Internal Revenue Code.
**Need for Correction**
As published, the final regulations contain errors that may prove to be misleading and are in need of clarification.
**Correction of Publication**
Accordingly, the publication of the final regulations (TD 8948), that were the subject of FR Doc. 01-15255, is corrected as follows:
1. On page 32900, column 1, amendatory instruction Paragraph 1., lines 2 and 3, the language “for part 1 continues to read in part as follows:” is corrected to read “for part 1 is amended by adding a new entry in numerical order to read in part as follows:”.
2. On page 32900, column 1, the authority citation is corrected to read as follows:
**Authority:**
26 U.S.C. 7805 * * *
§ 1.420-1 also issued under 26 U.S.C. 420(c)(3)(E).
LaNita Van Dyke,
Acting, Chief, Regulations Unit, Associate Chief Counsel (Income Tax and Accounting).