Final IRS Regulations Simplify Pension Plan Requirements for Partial Annuity Distributions

By Alan D. Nesburg, PC and Stephen Pavlick on October 12, 2016

The Department of Treasury and Internal Revenue Service issued final regulations addressing the minimum present value requirements for pension benefits payable partly as an annuity and partly in an accelerated form, usually a lump sum. With these regulations, Treasury and IRS take another step in promoting lifetime income alternatives for retirement plan participants with simplified calculations for partial annuity payments.

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Tags: annuity payments, anti-cutback, bifurcation, Internal Revenue Code, lump sum, pension plan

Alan D. Nesburg, PC
Alan D. Nesburg advises public and private businesses on a wide range of employee benefit matters, including qualified pension and 401(k) plans, deferred compensation, executive compensation and group benefits programs. Read Alan Nesburg's full bio.

Stephen Pavlick
Stephen Pavlick focuses his practice on employee benefits matters for multinational corporations. He concentrates on qualified plans, related fiduciary and other Employee Retirement Income Security Act (ERISA) issues, deferred compensation and equity arrangements, and funding strategies for post-retirement welfare benefits. He has worked extensively with cash balance plans. Read Stephen Pavlick's full bio.

Final IRS Regulations Simplify Pension Plan Requirements for Partial Annuity Distributions

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