1988 Federal Legislation



The Technical and Miscellaneous Revenue Act of 1988 (TAMRA) – 1) Modifies limitations for Section 415(b) of the 1986 IRC for government plans; specifically, provides overall limits on contributions and benefits under qualified plans. The limits apply to all such contributions and benefits provided to an individual by a private or public employer; provides a grandfather for nonelective compensation deferred under a plan in effect on 12/31/87, and maintained pursuant to one or more collective bargaining agreements; provides that nondiscrimination rules apply to contributions to TSA Programs, and requires that the ability to make salary reduction contributions be available to all employees including students and part-time help, and other technical modifications; and 2) exempts governmental plans, such as STRS, from the uniform rules requiring distribution of benefits commencing at age 70-1/2 while a member is still employed, and provides that the beginning date of the distribution begin the later of a) the required beginning date under the normal rule, or b) April 1 of the calendar year following the calendar year in which the employee is no longer employed. H.R.4333
NOTE: Unless otherwise noted in italicized lettering, or with an asterisk (*) indicating STRS sponsored, legislation was sponsored by the author(s) or committee introducing the bill. Also, refer to the “Legend” for an explanation of abbreviations used.

Decade of Legislation, 1988 Federal Updated: May 11, 2001