abanky Posted October 9, 2006 Posted October 9, 2006 under PPA, does the normal form for a single person have to be straight life or can it still be the actuaries decision (like life and 5)?
Effen Posted October 9, 2006 Posted October 9, 2006 What provision of PPA do you think requires this? Are you thinking about the provisions that relate to underfunded multiemployer plans? The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
abanky Posted October 9, 2006 Author Posted October 9, 2006 i'm not sure of any provision... i couldn't find anything on it all last week, but i thought i read something about it before
Effen Posted October 9, 2006 Posted October 9, 2006 It is never the actuaries decision. It is the Plan Administrators decision and is stated in the plan document. The only provision that I know of that remotely resembles your question relates to underfunded multemployer plans. If a multiemployer plan is significantly underfunded, the Trustees may remove any subsidized optional form, including the normal form. The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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