New distribution provisions of the Pension Protection Act.

• Position: EXCISETAXREFUNDTIPS

The IRS has provided guidance on several Pension Protection Act rules relating to distributions from tax-qualified retirement plans. Among the issues addressed by the guidance:

* Interest rate assumptions for lump sum distributions;

* Hardship distributions from a 401(k) and similar plans;

* Early distributions from qualified plans to terminated public safety employees; and

* Rollovers from qualified plans to IRAs for non-spouse beneficiaries.

The notice also clarifies several issues...