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Treasury Backtracks on HELPS Retirees Interpretation

The U.S. Department of Treasury sent a letter on May 15, 2007 to Representative Jim McCrery, Ranking Member of the House Ways & Means, stating that the agency will reverse its position that the HELPS Retirees provision does not pertain to self-funded health plans. As a result, APRS can rely upon this letter to start implementing the HELPS Retirees benefit for members who have selected the UnitedHealthcare medical coverage. APRS is still waiting, however, on our custodial company to allow this special tax treatment for monthly annuity checks. APRS will inform its membership as soon as this benefit will begin.

Treasury Response

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