The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Citation: "77 FR 25535"
Page Number: "25535"
SUMMARY: This is Supplement No. 18 to the Treasury Department Circular 570, 2011 Revision, published July 1, 2011, at 76 FR 38892.
FOR FURTHER INFORMATION CONTACT: Surety Bond Branch at (202) 874-6850.
SUPPLEMENTARY INFORMATION: A Certificate of Authority as an acceptable surety on Federal bonds is hereby issued under 31 U.S.C. 9305 to the following company: Pacific Employers Insurance Company (NAIC #22748). Business Address: 436 Walnut Street, P.O. Box 1000, Philadelphia, PA 19106. Phone: (215) 640-1000. Underwriting Limitation b/: $104,839,000. Surety Licenses c/: AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, VI, WA, WV, WI, WY. Incorporated In: Pennsylvania.
Federal bond-approving officers should annotate their reference copies of the Treasury Circular 570 ("Circular"), 2011 Revision, to reflect this addition.
Certificates of Authority expire on June 30th each year, unless revoked prior to that date. The Certificates are subject to subsequent annual renewal as long as the companies remain qualified (see 31 CFR part 223). A list of qualified companies is published annually as of July 1st in the Circular, which outlines details as to the underwriting limitations, areas in which companies are licensed to transact surety business, and other information.
The Circular may be viewed and downloaded through the Internet at http://www.fms.treas.gov/c570.
Questions concerning this Notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782.
Dated: April 10, 2012.
Director, Financial Accounting and Services Division.
[FR Doc. 2012-10128 Filed 4-27-12; 8:45 am]
BILLING CODE 4810-35-M