[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2516 Introduced in House (IH)]
112th CONGRESS
1st Session
H. R. 2516
To amend the Internal Revenue Code of 1986 to provide for a waiver of
minimum required distribution rules applicable to pension plans for
2011 and 2012.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 13, 2011
Mr. Burgess introduced the following bill; which was referred to the
Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide for a waiver of
minimum required distribution rules applicable to pension plans for
2011 and 2012.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. WAIVER OF PENSION PLAN MINIMUM REQUIRED DISTRIBUTION RULES
FOR 2011 AND 2012.
(a) In General.--Clause (i) of section 401(a)(9)(H) of the Internal
Revenue Code of 1986 (relating to general rule for temporary waiver of
minimum required distribution) is amended by striking ``calendar year
2009'' and inserting ``calendar years 2009, 2011, and 2012''.
(b) Conforming Amendments.--
(1) Clause (ii) of section 401(a)(9)(H) of such Code is
amended--
(A) in subclause (I) by striking ``calendar years
after 2009'' and inserting ``calendar year 2010 and
calendar years after 2012'', and
(B) in subclause (II) by striking ``calendar year
2009'' and inserting ``calendar years 2009, 2011, and
2012''.
(2) Paragraph (4) of section 402(c) of such Code is
amended--
(A) by inserting ``or 2011'' after ``2009'' the
first place it appears and inserting ``2009, 2011, or
2012'', and
(B) by striking ``2009'' the second place it
appears and inserting ``2009, 2010, or 2011, as the
case may be''.
(c) Effective Date.--
(1) In general.--The amendments made by this section shall
apply to calendar years beginning after December 31, 2010.
(2) Provisions relating to plan or contract amendments.--
(A) In general.--If this paragraph applies to any
pension plan or contract amendment, such pension plan
or contract shall not fail to be treated as being
operated in accordance with the terms of the plan
during the period described in subparagraph (B)(ii)
solely because the plan operates in accordance with
this section.
(B) Amendments to which paragraph applies.--
(i) In general.--This paragraph shall apply
to any amendment to any pension plan or annuity
contract which--
(I) is made pursuant to the
amendments made by this section, and
(II) is made on or before the last
day of the first plan year beginning on
or after January 1, 2014.
In the case of a governmental plan, subclause
(II) shall be applied by substituting ``2015''
for ``2014''.
(ii) Conditions.--This paragraph shall not
apply to any amendment unless during the period
beginning on the effective date of the
amendment and ending on December 31, 2012, the
plan or contract is operated as if such plan or
contract amendment were in effect.
<all>