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Back from COPA Annual meeting

August 21st, 2007

I was in Chicago form Thursday through Sunday. I learned some good stuff, including the fact that the IRS really does plan to issue some regulations on PPA 2006 in the next two months (Gosh!).

I’m starting to make up some example problems (for the seminar) based on the new law materials. I plan to record the solutions to the first few problems on Wednesday.

PENSION HUMOR (NOT on the exam)

On another note, I was on a couple of panels with Larry Deutsch (Penguin Consulting) and Jim Holland (of IRS fame). One item of discussion was the changes proposed to the DB/DC limit for 2007 in the PPA 2006 Technical Corrections bill. It basically reverses the unpopular IRS interpretation  in Q&A 9 of Notice 2007-28.

Larry said “well, when we actuaries make a mistake, we have to fix it and tell the client the bad news. But when (Jim) makes a mistake, it takes an Act of Congress to fix it”.

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