The IRS has extended the deadline for sponsors of multiemployer plans to exercise elections under the Worker, Retiree, and Employer Recovery Act of 2008 (WRERA). Previously, an election to “freeze” the PPA certification status for 2009 had to be made by April 30, 2009 (today) for a calendar year plan year. Now, such an election must be made by June 30, 2009.
IRS Notice 2009-42 contains more details.
IRS Notice 2009-42 contains more details.
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