Defined benefit plan and annuity distribution rules.

The Treasury and IRS issued final regulations regarding minimum distribution rules for defined benefit plans and annuity products purchased with account balances in other types of qualified retirement plans and IRAs.

The final regulations retain many rules from the temporary regulations, but modifications include changes that address concerns of defined benefit plan sponsors and annuity issuers to provide more flexibility in annuity payment terms.

The regulations grandfather governmental plan provisions that were in effect when the temporary regulations were published.

For more, visit www.ustreas.gov/press/releases/js1721.htm.