Modifications to Minimum Present Value Requirements for Partial Annuity Distribution Options Under Defined Benefit Pension Plans; Correction

---
identifier: "/us/fr/2012-5715"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Modifications to Minimum Present Value Requirements for Partial Annuity Distribution Options Under Defined Benefit Pension Plans; Correction"
title_number: 0
title_name: "Federal Register"
section_number: "2012-5715"
section_name: "Modifications to Minimum Present Value Requirements for Partial Annuity Distribution Options Under Defined Benefit Pension Plans; Correction"
positive_law: false
currency: "2012-03-09"
last_updated: "2012-03-09"
format_version: "1.1.0"
generator: "[email protected]"
agency: "Treasury Department"
document_number: "2012-5715"
document_type: "proposed_rule"
publication_date: "2012-03-09"
agencies:
  - "Treasury Department"
  - "Internal Revenue Service"
cfr_references:
  - "26 CFR Part 1"
rin: "1545-BJ55"
fr_citation: "77 FR 14321"
fr_volume: 77
docket_ids:
  - "REG-110980-10"
effective_date: "2012-03-09"
fr_action: "Correcting amendments."
---


#  Restrictions and valuations of distributions from plans subject to sections 401(a)(11) and 417.

**AGENCY:**

Internal Revenue Service (IRS), Treasury.

**ACTION:**

Correcting amendments.

**SUMMARY:**

This document contains a correction to the notice of proposed rulemaking and notice of public hearing (REG-110980-10) that was published in the *Federal Register* on Friday, February 3, 2012 (77 FR 5454), providing guidance relating to the minimum present value requirements applicable to certain defined benefit pension plans.

**DATES:**

This correction is effective on *March 9, 2012* and is applicable on February 3, 2012.

**FOR FURTHER INFORMATION CONTACT:**

Peter J. Marks or Linda S.F. Marshall at (202) 622-6090 (not a toll-free number).

**SUPPLEMENTARY INFORMATION:**

**Background**

The notice of proposed rulemaking and notice of public hearing that are the subject of this correcting amendment are under sections 401 and 417 of the Internal Revenue Code.

**Need for Correction**

As published, the notice of proposed rulemaking and notice of public hearing (REG-110980-10) contain an error that may prove to be misleading and is in need of clarification.

**List of Subjects in 26 CFR Part 1**

Income taxes, Reporting and recordkeeping requirements.

**Correction of Publication**

Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:

**PART 1—INCOME TAXES**

*Paragraph 1.* The authority citation for part 1 continues to read, in part, as follows:

**Authority:**

26 U.S.C. 7805 * * *

*Par. 2.* Section 1.417(e)-1 is amended by:

Revising the last sentence of paragraph (d)(7)(vi), *Example 5* (i) to read as follows:

§ 1.417(e)-1

(d) * * *

(7) * * *

(vi) * * *

**Example (5)**

* * *

(i) * * * Participating X elects to receive $15,000 of the current hypothetical account balance in the form of a single sum and to receive the remainder of the total accrued benefit as a life annuity.

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).