Reduction of benefit payable at age 65 (NRA)?
Posted 21 May 2001 - 05:28 PM
Any thoughts on this?
Posted 23 May 2001 - 04:12 PM
it sounds like, in your example, the age 65 benefit was artificially contorted into an age 66 benefit. that won't work in any event.
Posted 23 May 2001 - 05:10 PM
Posted 24 May 2001 - 10:37 AM
Posted 24 May 2001 - 01:58 PM
Of course, plans can have varying reductions w/r/t the maximum excess portion of an excess plan. That is based on the SSRA. For eg. the max. excess is .75 for a person w/ a SSRA of 65 and it is .65 for a person with a SSRA of 67. So I was wondering if they could do this for the entire benefit, but I don't know where this authority exists. I will look at SBJPA. Although I would have thought this was a relevant issue prior to SBJPA.
Posted 25 May 2001 - 07:00 AM
SBJPA made a change to the application of 401(a)(4) to plans that apply subsidies relative to ssra. i thought the legislative history might have contemplated the accrual issue under 411.