Amounts Paid for Fishing Rights Activity May be Compensation

Proposed regulations clarify that amounts paid to a member of an Indian tribe as remuneration for fishing-rights activity may be compensation for retirement plan purposes.

Document Excerpt

This document contains proposed regulations that would clarify that amounts paid to an Indian tribe member as remuneration for services performed in a fishing rights-related activity may be treated as compensation for purposes of applying the limits on qualified plan benefits and contributions. These regulations would affect sponsors of, and participants in, employee benefit plans of Indian tribal governments.


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