Andy the Actuary Posted September 5, 2007 Posted September 5, 2007 Does 2000-14 cover the situation where the plan's actuarial cost method is changed to the PUC method (in particular, for frozen plans) under Approval 3.01 if (Assets - CB) exceed AL at time of change? Of course, I believe we would establish a charge base equal to the CB so the balance equation balanced (i.e., we would force UAL to $0) because ya can't have a negative unfunded. It looks like you can but I added the $0 UAL part. 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.
tymesup Posted September 5, 2007 Posted September 5, 2007 2000-40, Section 6, .02, (6) Non-Applicability says you can't do the change if you're a spread gain and .... Since UC is not spread gain, I think you're OK.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now