services for a political subdivision of a State under a contract between such public safety agency and the political subdivision of a State. . (2) PBGC exception Section 4021(b)(2) of such Act ( 29 U.S.C. 1321(b)(2) ) is amended by striking described in the last sentence of section 3(32) and inserting described in either of the last two sentences of section 3(32). . (c) Conforming amendments (1) Section 414(h)(2) of the Internal Revenue Code of 1986 is amended by striking described in the last sentence of section 414(d) (relating to plans of Indian tribal governments) and inserting described in either of the last two sentences of subsection (d) . (2) Section 415(b)(2)(H)(i) of such Code is amended by adding at the end the following: or a public safety agency described in the last sentence of section 414(d), . (3) Section 415(b)(2)(H)(ii)(I) of such Code is amended by striking or any political subdivision and inserting any political subdivision, or a public safety agency described in the last sentence of section 414(d) . (4) Section 415(b)(10)(A) of such Code is amended by striking described in the last sentence of section 414(d) (relating to plans of Indian tribal governments) and inserting described in either of the last two sentences of section 414(d) . (d) Effective date The amendment made by this section shall apply to plan years beginning after the date of the enactment of this Act. II Preservation of Income 201. Remove required minimum distribution barriers for life annuities (a) In general Paragraph (9) of section 401(a) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: (J) Certain increases in payments under a commercial annuity Nothing in this section shall prohibit a commercial annuity (within the meaning of section 3405(e)(6)) that is issued in connection with any eligible retirement plan (within the meaning of section 402(c)(8)(B), other than a defined benefit plan) from providing one or more of the following types of payments on or after the annuity