415 limitations would have to be satisfied at each of the annuity starting dates.
Finally, the notice states that the IRS intends to extend the effective date of the regulations regarding NRA for governmental plans to annuity starting dates that occur in plan years beginning on or after the later of Jan.
The new distribution form would have a new annuity starting date, and the election would be subject to the spousal consent requirements.
The rollover amount could have a different annuity starting date than the remainder of the plan benefits.
These changes are proposed to become effective when finalized and would apply to distributions with annuity starting dates
in plan years beginning after that date.
This new method of calculating basis recovery is effective with respect to annuity starting dates
beginning 90 days after August 20, 1996.
2004-58 (32) limits the information that must be furnished to participants whose annuity starting dates fall between Oct.
Cost-of-living adjustments must be based on a recognized index and may not exceed the cumulative index increase since the annuity starting date.
Pre-1998 starting dates: For annuity starting dates after Nov.
Post-1997 starting dates: For annuity starting dates beginning after 1997, the table used to determine the expected number of payments depends on whether the payments are based on the life of more than one individual.
For annuity starting dates after 1986, annuity payments received after the investment is recovered (generally, after the expected number of payments has been received) are fully taxable.
Life of one individual: If the annuity is based on the life of only one individual, the expected number of payments is the same as under Table I, above, based on the annuitant's age (rather than the age of the primary annuitant) at the annuity starting date.