Usually the member purchases the service credits with after-tax dollars. Prior to passage of the Taxpayer Relief Act of 1997 (TRA 97), this purchase was treated as a contribution made to a defined contribution plan for the purpose of testing under IRC Section 415.Zorn, Paul...
Role of the Small Business Job Protection Act of 1996 in the repeal of the IRC section 415(e); Full limit applicable for each plan under the repeal; Inactive participants; Action required.LangerDavidGellerSheldonM.SchulmanMichaelD.CPA Journal...
Examines how purchased service credits in a defined benefit pension plan were treated under the Internal Revenue Code (IRC) Section 415 (n). Treatment received by employer-provided benefits under the IRC Section 415 (n); Criteria for define contribution plans under Section 415 (n); Provisions ...