Notice 2022-31: Defined benefit pension plans sponsored by newspapers, alternative minimum funding standards
Guidance about legislative changes made the “American Rescue Plan Act of 2021” to the election of alternative minimum funding standards
Sponsored by newspapers, alternative minimum funding standards
The IRS today released an advance version of Notice 2022-31 providing guidance about legislative changes made by the “American Rescue Plan Act of 2021” to the election of alternative minimum funding standards under section 430(m) for a defined benefit pension plan that is a community newspaper plan or any other plan that is sponsored by an eligible newspaper plan sponsor. Read TaxNewsFlash
Notice 2022-31 [PDF 180 KB] modifies guidance provided in Notice 2020-60 (that is, the guidance regarding the election to apply the alternative minimum funding standards of section 430(m)).
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