Sec. 401. Cash balance
102 words·~1 min read·
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Section 414 of the Internal Revenue Code of 1986, as amended by this Act, is amended by adding at the end the following new subsection: For purposes of this part, in the case of an applicable defined benefit plan that provides variable interest crediting rates, the interest crediting rate that is treated as in effect and as the projected interest crediting rate shall be a reasonable projection of such variable interest crediting rate, subject to a maximum of 6 percent. . The amendments made by this section shall apply with respect to years beginning after the date of enactment of this Act.