The IRS’s guidance comes in the form of a revenue procedure regarding the application and approval process for benefit suspensions under MPRA. The IRS has posted the revenue procedure on its website. The revenue procedure was issued in conjunction with temporary and proposed regulations providing guidance on benefit suspensions.
The PBGC’s guidance comes in the form of an interim final regulation on the partition rules under MPRA. The PBGC has posted a press release regarding the regulation on its website, which includes a link to the regulation itself. The regulation provides guidance on the process of applying for a partition, including information required from the plan sponsor as part of the application.