Skip to main content
Find a Lawyer

Pension Law Changes are Effective Now Even Though Plan Amendments are Postponed

This article was edited and reviewed by FindLaw Attorney Writers

| Last reviewed

This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw’s team of legal writers and attorneys and in accordance with our editorial standards.

The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area.

Recent legislation will require sponsors of tax-qualified pension and profit sharing plans to adopt amendments to their plans.

The IRS has recently announced that formal amendment of plans to conform to new laws will not be required until the end of the first plan year beginning after December 31, 1998 (the "remedial amendment period"). A condition of retroactively amending a plan to comply with the new laws, however, is that the plan sponsor must operate the plan in conformity with the laws' requirements pending formal amendment. Summarized in the enclosed Pension Law Supplement are various provisions of laws which presently affect the administration of your plans so that you may take advantage of options offered and comply with all mandatory requirements pending formal plan amendments.

Was this helpful?

Copied to clipboard