Additional Funding Charge calculation

[Guest Turtle_01]

It is my understanding that under the Pension Funding Equity Act of 2004 that for plan years beginning after 12/31/03, for purposes of determining the plan's funded current liability percentage, you can recalculate the 2001, 2002 and 2003 funded current liability precentages using the new corporate weighted average interest rate permissible range.

My question is, can you also use that new interest rate range for purposes of calculating the 2003 Additional Funding Charge? My assumption would be no.

[MGB]

You are correct. Nothing in the law affects 2003 FSA entries.