Notes from Intersector Meetings with IRS/Treasury and PBGC

The Intersector Group is composed of two delegates from each of the following actuarial organizations: American Academy of Actuaries, Society of Actuaries, Conference of Consulting Actuaries, and ASPPA College of Pension Actuaries. Twice a year the Intersector Group meets with representatives of the U.S. Department of Treasury (Treasury Department), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) to dialogue with them on regulatory and other issues affecting pension practice.

These meeting notes are not official statements of the Treasury Department, IRS or the PBGC and have not been reviewed by its representatives who attended the meetings. The notes merely reflect the Intersector Group's understanding of Treasury Department, IRS, and PBGC representatives' views expressed at the meeting, and are not to be construed in any way as establishing official positions of the Treasury Department, the IRS, the PBGC, or any other government agency. The notes cannot be relied upon by any person for any purpose. Moreover, the Treasury Department, IRS, and PBGC have not in any way approved these notes or reviewed them to determine whether the statements herein are accurate or complete.