comuting the accrued benefit by using a project and prorate method

[Gary]

a plan had a formula where it originally computed the ab based on 1.5% of avg pay per year offset by 2/3 soc sec ben ("ssb").

this large offset was apparently violating 411(B) accruel rules.

so they decided to remedy the situation by using a project and prorate ab.

this railroad plan provides that if participant has over 30 years at ret. the front end and the offset would have no reduction for early commencement.

my question is as follows:

a person left with 6 years of svc. the person had over 30 years of projected service when computing the projected benefit. the plan is proposing that when computing the early retirement benefit that there be no reduction to the front end or the offset. my feeling is that when the person retires at say age 62, the early ret factor would be based on the fact that the person had only six years of service not based on the fact that under the project and prorate the person was projected to have over 30 years. as it turns out by having a early ret reduction results in a higher early ret benefit, since the front end was already heavily subsidized, but the offset had previously been reduced.

any thoughts?