The U.S. Department of the Treasury and the IRS recently extended certain requirements applicable to hybrid pension plans. There will be a limited extension for compliance with regulations and a broader extension for plan amendments. Separately, the PBGC provided guidance applicable to terminating hybrid plans.

In October 2011, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued Notice 2011-85 (Notice), announcing their intent to extend certain requirements applicable to hybrid pension plans such as cash balance plans. Given the highly technically nature of cash balance plans and the related government guidance, it is important to carefully understand the scope of the relief.