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###### Department of the Treasury

###### Internal Revenue Service

          - 26 CFR Part 1
          - [REG-110980-10]
          - RIN 1545-BJ55

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Correcting amendments.

# SUMMARY:

                        This document contains a correction to the notice of proposed rulemaking and notice of public hearing (REG-110980-10) that was published in the                         **Federal Register**                         on Friday, February 3, 2012 (77 FR 5454), providing guidance relating to the minimum present value requirements applicable to certain defined benefit pension plans.                    

# DATES:

                        This correction is effective on                         *March 9, 2012*                         and is applicable on February 3, 2012.                    

# FOR FURTHER INFORMATION CONTACT:

Peter J. Marks or Linda S.F. Marshall at (202) 622-6090 (not a toll-free number).

# SUPPLEMENTARY INFORMATION:

## Background

The notice of proposed rulemaking and notice of public hearing that are the subject of this correcting amendment are under sections 401 and 417 of the Internal Revenue Code.

## Need for Correction

As published, the notice of proposed rulemaking and notice of public hearing (REG-110980-10) contain an error that may prove to be misleading and is in need of clarification.

# List of Subjects in 26 CFR Part 1

      - Income taxes
      - Reporting and recordkeeping requirements

## Correction of Publication

Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:

# PART 1—INCOME TAXES

**Paragraph 1.**                         The authority citation for part 1 continues to read, in part, as follows:                    

Authority:26 U.S.C. 7805 * * *

**Par. 2.**                         Section 1.417(e)-1 is amended by:                    

                        Revising the last sentence of paragraph (d)(7)(vi),                         *Example 5*                         (i) to read as follows:                    

§ 1.417(e)-1 

* * * * *

(d) * * *

(7) * * *

(vi) * * *

# Example (5) 

* * *

(i) * * * Participating X elects to receive $15,000 of the current hypothetical account balance in the form of a single sum and to receive the remainder of the total accrued benefit as a life annuity.

* * * * *

LaNita Van Dyke,

Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).

[FR Doc. 2012-5715 Filed 3-8-12; 8:45 am]

BILLING CODE 4830-01-P