The IRS has just issued new final regulations governing the rules by which accrued benefits, and optional forms of benefit, may be reduced or eliminated. The IRS has also proposed some additional regulations in this area which would allow elimination of some optional forms of benefit that are rarely used, and which would implement the US Supreme Court's decision in Central Laborers' Pension Fund v. Heinz, 541 US 749 (June 7, 2004), where the Court held that ERISA prohibits a plan amendment expanding the categories of post-retirement employment that triggers suspension of payment of early retirement benefits already accrued. Copies are attached.