Funding Relief for Single-Employer Defined Benefit Plans

 IRS Notice 2011-3 issued on December 17, 2010, contains guidance on funding relief for single-employer defined benefitplans under Code 430(c) as amended by the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, 201.

The notice primarily provides guidance on the alternative funding shortfall amortization schedules that can be elected for single-employer defined benefit plans instead of the otherwise applicable 7-year amortization schedule. For schedule click here