Tuesday, February 16, 2010
IRS rules on variable annuity contracts issued to and distributed from DC plans
The IRS has privately ruled in IRS Letter Ruling 200951039 on a number of issues regarding the effects of Code Secs. 401(a)(9) and (11) and 417 on a proposed transaction in which variable annuity contracts will be issued to, and distributed from, defined contribution plans. Issues addressed include required minimum distribution requirements, election of payments in the form of a life annuity, and annuity payments under a qualified joint and survivor annuity...
CCH: IRS rules on variable annuity contracts issued to and distributed from DC plans
CCH: IRS rules on variable annuity contracts issued to and distributed from DC plans