PRC Comments to IRS on Physical Presence Requirements

PRC Comments to IRS on Physical Presence Requirements

03/31/23
The PRC filed comments with the IRS registering its strong disapproval of a proposed rule that would eliminate the long-standing requirement that a spouse can only sign away their right to a survivor’s benefit knowingly and voluntarily in the physical presence of a notary or plan official in order to safeguard against fraud and coercion by the worker-spouse.
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