January 23, 2009
You should have recently received a communication from Wells Fargo entitled “Notice to Interested Parties.” Inadvertently omitted from the mailing was a cover letter describing the nature of the communication.
The cover letter was supposed to have advised you that the Annuity Fund of the PBA is simply seeking a determination letter from the Internal Revenue Service as to whether the Plan meets the qualification requirements of Section 401 or 403(a) of the Internal Revenue Code of 1986, as amended. The Fund is requesting this determination letter from the IRS to ensure that the provisions of the Fund are consistent with a series of legislation passed in recent years, including EGTRRA, changes in minimum distribution rules, changes in rollover rules, as well as to incorporate any amendments to the Plan since the Plan’s last qualification.
Please feel free to contact the Annuity Department at the PBA Funds Office with any questions.
Ronald E. West