Regulatory & Judicial update.

 
REGULATORY & JUDICIAL UPDATE 
 
Item                        Statement                 Status 
 
Required notice    IRS Issues Final 204(h)         4-day notice 
on reduction of    Regulations, April 10, 2003     finalized in 
pension benefit                                    regulations 
                   The IRS has finalized 
                   regulations under ERISA 
                   Section 204(h) and Code 
                   Section 4980F on the timing 
                   of participant notices when 
                   there is a significant 
                   reduction in future benefit 
                   accruals for plans subject 
                   to Code Section 412 minimum 
                   funding requirements. Thus, 
                   the regulations apply to 
                   money purchase plans and 
                   defined benefits plans, and 
                   they replace proposed …