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Annuitizing Employee Contributions

Guest kjcurly

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Guest kjcurly

A plan has mandatory employee contributions, which will be returned to employee's beneficiary at his/her death if any remain. Normal form of benefit is 50%QJSA or single life annuity. Does anyone know how the employee contribution portion is credited against the annuity payments? Is the employee share "used up" before employer amounts are used? Or is essentially each payment pro-rata employer/employee, as taxable under Sec. 72 to the employee? This question has come up relating to possible overpayments under a plan.

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