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HELP--The Retroactive Payment Rule


Guest Adam Stone

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Guest Adam Stone
Posted

Does anyone know of any authority aside from the Cotter and Canseco cases that address whether a DB plan must make retroactive payments (or an actuarial adjustment to future payments) to a participant who does not file a claim for his pension for say 2 years after his initial eligibility for his pension at age 65? In other words, does he get payments (or actuarial credit) for the period of time he was eligible but had yet to file his claim, or does he just lose those payments? Any thoughts on this issue would be greatly appreciated.

Thanks.

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Adam Stone

  • 2 weeks later...
Posted

I don't know, but I would like to know more about the two cases cited. Is there a link or other reference of discussion?

Thanks.

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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