Employers given time to implement Section 89. (Internal Revenue Code)

National Underwriter Property & Casualty-Risk & Benefits Management, March, 1989 by Brostoff, Steven

Employers Given Time To Implement Section 89 WASHINGTON--The Internal Revenue Service has given employers a few months of breathing space before they must begin applying a complex set of new regulations to Section 89 of the Internal Revenue Code. The IRS's long-awaited proposed regulations on Section 89 were drafted to give employers at least until July 1, 1989, before they must begin using a variety of new tests to determine whether an employee benefit plan is non- discriminatory, according to an IRS press representative.

But this does not mean that companies are off-the-hook completely. Instead, the regulations mandate that employers make a "good faith" effort during this transition period to comply with the requirements of Section 89, which became...

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