[Federal Register Volume 61, Number 51 (Thursday, March 14, 1996)]
[Proposed Rules]
[Page 10489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5675]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 1
[EE-35-95]
RIN 1545-AT82
Allocation of Accrued Benefits Between Employer and Employee
Contributions; Correction
AGENCY: Internal Revenue Service, Treasury.
ACTION: Correction to notice of proposed rulemaking.
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SUMMARY: This document contains corrections to the notice of proposed
rulemaking (EE-35-95) which was published in the Federal Register on
Friday, December 22, 1995 (60 FR 66532), relating to proposed
regulations that provide guidance on calculation of an employee's
accrued benefit derived from the employee's contributions to a
qualified defined pension plan.
FOR FURTHER INFORMATION CONTACT: Janet A. Laufer, (202) 622-4606, (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The notice of proposed rulemaking that is the subject of this
correction proposes amendments that reflect changes made to section
411(c)(2) by the Omnibus Budget Reconciliation Act of 1987 and the
Omnibus Budget Reconciliation Act of 1989.
Need for Correction
As published, the notice of proposed rulemaking (EE-35-95) contains
errors which may prove to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the publication of the notice of proposed rulemaking
(EE-35-95), which was the subject of FR Doc. 95-31006, is corrected as
follows:
Sec. 1.411(c)-1 [Corrected]
1. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), paragraphs
(1) through (8) of Example 1., are correctly designated as paragraphs
(A) through (H) of Example 1.
2. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (D) of Example 1., line 4, the language
``determined in paragraph (3) of this Example'' is corrected to read
``determined in paragraph (C) of this Example''.
3. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (D) of Example 1., the last line, the language
``$11,913 - 9.196 = $1,295.'' is corrected to read ``$11,913
9.196 = $1,295.''.
4. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (H) of Example 1., second and third lines from the
bottom of the column, the language ``contributions, the sum of
paragraphs (4) and (7) of this Example 1. ($1,295 + $1,654 ='' is
corrected to read ``contributions, the sum of paragraphs (D) and (G) of
this Example 1. ($1,295 + $1,654 =''.
5. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), paragraphs
(1) through (5) of Example 2. are correctly designated as paragraphs
(A) through (E) of Example 2.
6. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (B) of Example 2., last line, the language
``($6,480 from paragraph 2 of Example 1).'' is corrected to read
``($6,480 from paragraph (B) of Example 1).''.
7. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (C) of Example 2., last line, the language ``from
paragraph 3 of Example 1).'' is corrected to read ``from paragraph (C)
of Example 1).''.
8. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (D) of Example 2., line 4, the language
``determined in paragraph (3) of this Example'' is corrected to read
``determined in paragraph (C) of this Example''.
9. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly
designated paragraph (D) of Example 2., last line, the language
``($1,295 from paragraph 4 of Example 1)'' is corrected to read
``($1,295 from paragraph (D) of Example 1)''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-5675 Filed 3-13-96; 8:45 am]
BILLING CODE 4830-01-U
