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effective dates for ppa restatements


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i usually use first day of current PY. Retroactive reaching provisions usually have their specific effective dates. And document language usually says effective as of X or as otherwise provided.

Kenneth M. Prell, CEBS, ERPA

Vice President, BPAS Actuarial & Pension Services

kprell@bpas.com

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I agree, first day of the current plan year is usually the correct date.  Retroactive provisions are generally buried in the Basic Plan Document.  But your document provider should provide guidance on this.

Ed Snyder

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I remember one restatement (EGTRRA maybe?) where Relius instructed us to make it the date of the law change. That was several years earlier than when the actual restatement was happening. I always thought that was far too confusing.

 

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