[Federal Register Volume 61, Number 51 (Thursday, March 14, 1996)]
[Proposed Rules]
[Page 10489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-5675]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[EE-35-95]
RIN 1545-AT82


Allocation of Accrued Benefits Between Employer and Employee 
Contributions; Correction

AGENCY: Internal Revenue Service, Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to the notice of proposed 
rulemaking (EE-35-95) which was published in the Federal Register on 
Friday, December 22, 1995 (60 FR 66532), relating to proposed 
regulations that provide guidance on calculation of an employee's 
accrued benefit derived from the employee's contributions to a 
qualified defined pension plan.

FOR FURTHER INFORMATION CONTACT: Janet A. Laufer, (202) 622-4606, (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The notice of proposed rulemaking that is the subject of this 
correction proposes amendments that reflect changes made to section 
411(c)(2) by the Omnibus Budget Reconciliation Act of 1987 and the 
Omnibus Budget Reconciliation Act of 1989.

Need for Correction

    As published, the notice of proposed rulemaking (EE-35-95) contains 
errors which may prove to be misleading and are in need of 
clarification.

Correction of Publication

    Accordingly, the publication of the notice of proposed rulemaking 
(EE-35-95), which was the subject of FR Doc. 95-31006, is corrected as 
follows:


Sec. 1.411(c)-1  [Corrected]

    1. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), paragraphs 
(1) through (8) of Example 1., are correctly designated as paragraphs 
(A) through (H) of Example 1.
    2. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (D) of Example 1., line 4, the language 
``determined in paragraph (3) of this Example'' is corrected to read 
``determined in paragraph (C) of this Example''.
    3. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (D) of Example 1., the last line, the language 
``$11,913 - 9.196 = $1,295.'' is corrected to read ``$11,913  
9.196 = $1,295.''.
    4. On page 66535, column 1, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (H) of Example 1., second and third lines from the 
bottom of the column, the language ``contributions, the sum of 
paragraphs (4) and (7) of this Example 1. ($1,295 + $1,654 ='' is 
corrected to read ``contributions, the sum of paragraphs (D) and (G) of 
this Example 1. ($1,295 + $1,654 =''.
    5. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), paragraphs 
(1) through (5) of Example 2. are correctly designated as paragraphs 
(A) through (E) of Example 2.
    6. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (B) of Example 2., last line, the language 
``($6,480 from paragraph 2 of Example 1).'' is corrected to read 
``($6,480 from paragraph (B) of Example 1).''.
    7. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (C) of Example 2., last line, the language ``from 
paragraph 3 of Example 1).'' is corrected to read ``from paragraph (C) 
of Example 1).''.
    8. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (D) of Example 2., line 4, the language 
``determined in paragraph (3) of this Example'' is corrected to read 
``determined in paragraph (C) of this Example''.
    9. On page 66535, column 2, Sec. 1.411(c)-1 (c)(6)(ii), newly 
designated paragraph (D) of Example 2., last line, the language 
``($1,295 from paragraph 4 of Example 1)'' is corrected to read 
``($1,295 from paragraph (D) of Example 1)''.
Cynthia E. Grigsby,
Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-5675 Filed 3-13-96; 8:45 am]
BILLING CODE 4830-01-U