Plan Sponsors, please review the attached specimen document with your legal counsel and/or tax advisor. Please note that if you choose not to adopt a VALIC specimen document, then you should consult an alternative document provider to obtain the needed updates and provide us a copy of your executed updated plan document for our files.
Governmental 457(b) plans must generally be amended to comply with the PPA legislative changes described above by not later than the last day of the 2011 plan year (i.e., December 31, 2011, for calendar year plans). Please note on question #1 Plan Effective Date, if this is an amendment or restatement of an existing plan, the restatement effective date should be a date between January 1, 2011 and December 31, 2011.