Bloomberg Law
Jan. 26, 2023, 5:33 PM

IRS Juggles Two Retirement Plan Overhauls, Delaying Guidance

Austin R. Ramsey
Austin R. Ramsey
Reporter

The IRS is generating a revised guidance schedule for upcoming retirement plan interpretations as the agency attempts to handle two sets of major legislative policy overhauls passed in 2019 and 2022.

Similar employer-sponsored workplace retirement plan provisions modified under the 2019 SECURE (Pub.L. 116-94) and 2022 SECURE 2.0 (Pub.L. 117–328) Acts may be combined in upcoming regulatory actions or “grab-bag” question-and-answer guidance, Treasury Department Deputy Benefits Tax Counsel Helen Morrison said Thursday.

The agency is attempting to avoid temporary or competing interpretive guidance related to issues such as required minimum distributions and catch-up contributions that were ...

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