PFEA or PPA lump sum language on restatement?

[Guest Bearlee]

I know the PFEA lump sum rate has been extended by the PPA. But upon restatement of a DB plan, effective 1/1/07, what good faith language would you use -- the PFEA (5.5% fixed) or the PPA ("not less than the greatest of . . ." )? Thanks for the anticipated input.

[SoCalActuary]

Add the good faith language under PPA. Corbel, among others, has a sample amendment.

We use it for terminating plans already.

[Guest Bearlee]

Add the good faith language under PPA. Corbel, among others, has a sample amendment.

We use it for terminating plans already.

Thank you very much. I think I will do that.