Felicia Posted January 17, 2002 Posted January 17, 2002 Not all state laws automatically conform to changes made in federal law. With this in mind, I'd like feedback about how practitioners are handling the limits in those states which need to adopt conforming laws. Are you going on the assumption that the states will conform? Are you being cautious and not permitting participants to take advantage of the increased federal limits until the state actually adopts conforming laws? Are you still calculating limits using the 3 tiers even though EGTRRA eliminated the MEA portion?
david rigby Posted January 17, 2002 Posted January 17, 2002 This discussion began with reference to California, but many issues probably apply in several states. http://benefitslink.com/boards/index.php?showtopic=12958 I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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