david rigby Posted April 4, 2002 Posted April 4, 2002 I have FIL method, changed the asset method to an approved asset method in Section 3, and the result is a small negative unfunded. Does section 6.02(6) prohibit this change (that is, under automatic approval)? or does it, in conjunction with Section 4.01(2), automatically entitle (require?) me to set the unfunded to zero? I think this is the answer: since the unfunded is negative, automatic approval is denied. Period. However, I might still have automaitc approval to change to something else anyway, including changing from FIL to FIL. Am I reading correctly? Comments? 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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