Notice 2015-7 provides that the IRS and Treasury Department anticipate issuing proposed regulations under Section 414(d) to define the term “governmental plan.”  In general, governmental plans are excluded from certain provisions of ERISA and are subject to different rules under the Internal Revenue Code than retirement plans of nongovernmental employers.  The notice describes, in particular, that the IRS and Treasury Department are considering issuing guidance specifying that a state or local retirement system that covers employees of public charter schools will not fail to be a governmental plan within the meaning of Section 414(d) if certain conditions are satisfied.