(Archived Content)
Washington, DC–The Treasury Department and Internal Revenue Service (IRS) today issued Revenue Procedure 2007-71, which includes model plan provisions for use by public school employers to comply with regulations under section 403(b) that were issued in July (72 FR 41128).In addition, Rev.Proc. 2007-71 provides relief from certain requirements of the regulations with respect to contracts issued before January 1, 2009.** REPORTS**