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Showing content with the highest reputation on 07/21/2015 in Posts
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Alternate Payee dies before distribution and w/o naming a beneficiary
david rigby and one other reacted to My 2 cents for a topic
Why are proper, tight QDROs so hard to find? Any decent QDRO will say what to do if the AP dies first before commencement, if the AP dies first after commencement, if the participant dies first before commencement or if the participant dies first after commencement. Not rocket science!2 points -
Amend to remove lump sum option of benefit payment
hr for me and one other reacted to david rigby for a topic
Hmmm. In addition to its poor communication of the DB plan, this ER has a much larger employee relations problem.2 points -
Deferring on Commissions
SwimmingInBowelsOfERISA and one other reacted to rcline46 for a topic
Why are commissions being confused with bonuses? I think the bigger problem is that deferrals have not been taken in the past from commissions!2 points -
Such an amendment would not be possible at all. A lump sum is a protected right and feature of the accrued benefit and cannot be removed. The best you can do is remove the lump sum option for future accruals, but you can't take it away from benefits already earned. Therefore, it would be effective for benefits earned after the effective date of the amendment.1 point
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That's how I would interpret it, but of course, that's not what the employer is looking for : (1 point
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