chc93 Posted June 20, 2008 Posted June 20, 2008 The 404 cushion amount in PPA is currently 50% of the funding target. I thought I heard that this should have been 50% of the funding target AND 50% of the target normal cost... and that adding 50% of the target normal cost to the cushion amount would be in technical corrections. As far as I know, the tech corrections bill now in Congress doesn't have this item. Can someone update this information? Thanks...
ak2ary Posted June 20, 2008 Posted June 20, 2008 This provision was in one of the earlier technical corrections bills but apparently is not in the bill currently being considered. It may be added to a later follow on beefed up bill, but who knows at this point. I would certainly not count on it for 2008 deductions
Penman2006 Posted June 20, 2008 Posted June 20, 2008 Can someone give me a link or a place to go to find a summary of exactly what is included in the current technical corrections bill in Congress?
david rigby Posted June 20, 2008 Posted June 20, 2008 http://thomas.loc.gov/ Search by Bill Number: HR3361 or S1974 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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