From Guidewire <[email protected]>
Subject N-2024-22: Guidance on Anti-Abuse Rules Under Section 127 of the SECURE 2.0 Act of 2022 and Certain Other Issues with Respect to Pension-Linked Emergency Savings Accounts
Date January 12, 2024 6:38 PM
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*Issue Number: *   N-2024-22

*Inside This Issue*
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Notice 2024-22 [ [link removed] ]; The IRS is issuing initial guidance on pension-linked emergency savings accounts (PLESAs), which are individual accounts, in defined contribution plans, that are designed to encourage employees to save for financial emergencies. The notice provides initial guidance regarding anti-abuse rules under section 402A(e)(12) of the Internal Revenue Code (Code) to assist in the implementation of SECURE 2.0 Act section 127 provisions.

Notice 2024-22 will be in IRB: 2024-6, dated 02/05/2024.

 

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