Hello,
Our traditional DB pension starts at age 65. Our vendor has created an option within the systems software to enter a date and allow a late calculation. When is that permissible? Does one age out of a late calculation perhaps at RBD date? I'm going to raise this to the vendor and/or counsel, but I can't find anything about it in the pension answer book I'm using.
My understanding is back payments to the original retirement eligibility date should be made, and that has been done historically on this plan for years.
Thank you
