Jump to content

Frozen Cash Balance Plan


cohendrake
 Share

Recommended Posts

This is a church plan so maybe this works but I have my doubts:

A) Monthly benefit defined as NRA Cash Balance Account divided by a annuity factor based on 417(e) mortality table and

30-year Treasury rate @ first day of year of retirement

B) Benefit accruals frozen as of 1/1/2007

C) As 30-year Treasury rates tumbled recently (and for 2009) the annuity factor rose and monthly benefits dropped so that

someone retiring at age 65 would get a monthly benefit about 15% lower if they retired now (or in 2009) than they would

have had they retired in any other year since the freeze.

Any problems?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...