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Old 08-11-2018, 05:36 PM
deadeyedun deadeyedun is offline
Join Date: Jan 2017
Posts: 14

Thanks Dave!
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Old 08-17-2018, 04:08 PM
davefarber davefarber is offline
Join Date: Nov 2001
Posts: 1,095

The Fall 2018 Joint Board Program document is now available for the EA-2F exam (

No major changes. A new general condition number 18 was added to state that all compensation paid in years prior to the earliest year provided is no greater than that earliest year (in other words, if you are having to calculate a high average salary, you can assume that the highest years were not prior to the history provided in the question).

As expected, they added Revenue Procedure 2017-56 (automatic approvals for changes in cost methods for single and multiple employer plans) to the reading list, as well as Revenue Procedure 2017-57 (how to apply for changes in cost methods not subject to automatic approval), which replaces Rev Proc 2000-41. The two Revenue Announcements in the prior reading list have been removed as they are now covered by Rev Proc 2017-56.

Revenue Notice 2017-44 was also added, which seems to a bit out of place because it fits more with the 2L exam. The notice provides a brief description of the rules updated effective in 2017 allowing a participant to bifurcate their benefit upon distribution so that part of it is paid as an annuity and the balance as a lump sum (or some other 417(e)(3) form of benefit). Basically, the minimum distribution requirements only apply to the lump sum portion of the distribution. The actual purpose of the notice is simply to provide model amendment language.
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