IRS Releases Guidance on Various PPA Issues

January 11, 2007 – The IRS has issued Notice 2007-7 providing guidance on a range of retirement plan and IRA distribution issues related to provisions of the Pension Protection Act of 2006 (PPA). The notice focuses on PPA provisions that became effective in 2007 or earlier, including retirement plan hardship distributions, vesting of nonelective contributions, notice and consent periods for distributions, rollovers of nonspouse beneficiaries, and charitable distributions from IRAs.

Notice 2007-7 may be accessed as follows.
http://www.irs.ustreas.gov/pub/irs-drop/n-07-07.pdf