Form 8955 SSA

[DPSRich]

Happy Thanksgiving to All!

Owner and wife are only Plan Participants in a D.B. Plan. Son enters the Plan as an owner with more than 5% voting stock. No contributions to Plan as Plan is overfunded. Owner is 89 and is receiving his Required Minimum Distribution(RMD). Owner dies and spouse continuing to receive her husband's RMD as well as her own. Wife (age 92) dies in February 2011 and son as the named beneficiary of each (mother and father) receives both RMD's.

Question: Are both R.M.D.'s reportable on Form 8955 SSA? Actuary says no.

Any thoughts.

Thank you.

DPS Rich[/size]

[Andy the Actuary]

Thought purpose of the SSA series was to advise persons that they may have a pension entitlement. Since pension has started, what would be the purpose of listing on SSA?

[DPSRich]

Thought purpose of the SSA series was to advise persons that they may have a pension entitlement. Since pension has started, what would be the purpose of listing on SSA?

Andy:

That was my thought, but I wanted to be sure that I was in the majority.

Thanks DPSRich

[Andy the Actuary]

Thought purpose of the SSA series was to advise persons that they may have a pension entitlement. Since pension has started, what would be the purpose of listing on SSA?

Andy:

That was my thought, but I wanted to be sure that I was in the majority.

Thanks DPSRich

You are now in a majority of two. At one time I served on the Board of a sizable local not-for-profit. The vote was on most major financial issues 26-1 with my vote being the dissenting vote. The not-for-profit went under about 10 years ago after I had resigned from the Board. Being in the majority is only of consequence if the majority is correct.

[david rigby]

Correct. The purpose of SSA is to record a deferred benefit. A benefit that goes into pay-status is included on the SSA with a delete code only if it was previously included with an add code.