Page:United States Statutes at Large Volume 100 Part 3.djvu/682

 100 STAT. 2490

PUBLIC LAW 99-514—OCT. 22, 1986

SEC. 1141. ISSUANCE OF FINAL REGULATIONS.

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The Secretary of the Treasury or his delegate shall issue before February 1, 1988, such final regulations as may be necessary to carry out the amendments made by— (1) section 1111, relating to application of nondiscrimination rules to integrated plans, a (2) section 1112, relating to coverage requirements for qualiR fied plans, (3) section 1113, relating to minimum vesting standards, f (4) section 1114, relating to the definition of highly compensated employee, J (5) section 1115, relating to separate lines of business and the definition of compensation, (6) section 1116, relating to rules for section 401(k) plans, (7) section 1117, relating to nondiscrimination requirements I for employer matching and employer contribution, (8) section 1120, relating to nondiscrimination requirements "i for tax sheltered annuities, and (9) section 1133, relating to tax on excess distributions. SEC. 1142. SECRETARY TO ACCEPT APPLICATIONS WITH RESPECT TO SECTION 401(k) PLANS.

The Secretary of the Treasury or his delegate shall, not later than May 1, 1987, begin accepting applications for opinion letters with respect to master and prototype plans for qualified cash or deferred arrangements under section 401(k) of the Internal Revenue Code of 1986. SEC. 1143. TREATMENT OF CERTAIN FISHERMEN AS SELF-EMPLOYED INDIVIDUALS.

(a) IN GENERAL.—Section 401(c) is amended by adding at the end thereof the following new paragraph: "(6) SPECIAL RULE FOR CERTAIN FISHERMEN.—For purposes of

this subsection, the term 'self-employed individual' includes an individual described in section 3121(b)(20) (relating to certain fishermen)." (b) EFFECTIVE DATE.—The amendment made by subsection (a) shall apply to taxable years beginning after December 31, 1986. SEC. 1144. ACQUISITION OF GOLD AND SILVER COINS BY INDIVIDUAL RETIREMENT ACCOUNTS.

(a) IN GENERAL.—Section 408(m) (relating to investment in collectibles treated as distributions) is amended by adding at the end thereof the following new paragraph: "(3) EXCEPTION FOR CERTAIN COINS.—In the case of an individual retirement account, paragraph (2) shall not apply to any "^ gold coin described in paragraph (7), (8), (9), or (10) of section ' 5112(a) of title 31 or any silver coin described in section 5112(e) '" of title 31." (h) EFFECTIVE DATE.—The amendment made by this section shall apply to acquisitions after December 31, 1986. SEC. 1145. REQUIREMENT OF JOINT AND SURVIVOR ANNUITIES AND PRETIREMENT SURVIVOR ANNUITIES NOT TO APPLY TO CERTAIN PLAN.

(a) IN GENERAL.—Section 401(a)(ll) (relating to requirement of joint and survivor annuity and preretirement survivor annuity) is

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