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412 charges for short PY


Guest Smash

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Guest Smash

Can someone point me to a description of how 412 charges and credis are handled for a short Plan Year? My quick skim of 412 leads me to "Amortized over 15 Plan Years in equal installments". For example, suppose we have a 6 month PY. Does this mean that we use a full year amortization charge in the short PY, and somehow amortize over a 14.5 year period? This seems to imply that we would know that there is a short PY coming. Thanks.

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