IRS “Normal Retirement Age” Regulations

At a meeting on September 19^th that was attended by representatives of the public retirement system community, members and staff of the U.S. House Ways and Means Committee, representatives of the U.S. Treasury, and the I.R.S., progress was made on the matter of the implementation of the I.R.S. regulations defining “normal retirement age.” Specifically, treasury officials gave assurances that regulations relating to “normal retirement age” would, in very short order, be postponed for further review. This means that these controversial regulations will not go into effect on July 1, 2009 as the IRS had originally planned.