chc93

Suppose the 2007 AFTAP is less than 90%, so it is not certified. April 1 the AFTAP is 60%. So, a notice is issued by April 30. Sometime after that (April 2 or later), the 2008 AFTAP is certified to be >80%. Is there "another" notice to participants that the benefit restriction is now "lifted"?

We are not intending to issue notices if this is the case. Unless there is definite guidance, it doesn't make sense. Suppose you certify on April 2... lump sum distributions essentially continue as if nothing happened... then you issue a notice by the end of April that lump sums are restricted as of April 1, but you (and everyone else) knows that lump sums are not restricted after April 2 since lump sum distributions have continued. What's the sense in that?

FWIW... looking at single life anniuties, between ages 44 and 45, comparing your actual calculations with interpolation to integer months, the largest difference (age 44 and 6 months) was less than 0.07% with mortality, and less than 0.03% without mortality. Choice of different interest rates (look-back months) produces much larger differences. By using our "manual" calculations for J&S annuities, we had intended to interpolate integer ages, assuming that the small differences for single life annuities will be essentially true for J&S annuities. So, yes, if your program does J&S annuities for integer ages, it will be very useful. Will hopefully be looking for your updated program next week> Thanks again...

Mike... we've been using your program with great results, but are now trying to calculate J&S annuities. We're trying to do it "manually", but would like to use your program to make life easier, and less prone to errors. Can you give us a status update for J&S annuities? Thanks again...

Mike... GREAT program. I was interested to know your status for providing J&S annuity forms for the program. Thanks...