PPA Defined Benefit Plan Pension Statement

[Andy the Actuary]

Has a model notice been issued? How are your clients treating the requirement to distribution pension statements?

[quinnfield]

Here's a sample notice of benefit restrictions: Notice_of_Benefit_Restrictions.doc

[Andy the Actuary]

Here's a sample notice of benefit restrictions: Notice_of_Benefit_Restrictions.doc

Thank you for your notice which I found helpful. Ooops. I was not particularly clear. I was questioning about the annual statement of accrued and vested accrued benefit that participants may be given or may request.

[Guest RBlaine]

Still no model notice? Any rumors of one coming out soon?

[mwyatt]

Would expect this statement shortly after the DOL releases the DC statement promised a year and a half ago...

[tymesup]

Here's a sample notice of benefit restrictions: Notice_of_Benefit_Restrictions.doc

Your sample notice doesn't cover plans with AFTAP's in the following ranges:

59-60%

79-80%

100+%

[Guest Chris209]

Hi. Hopefully a related follow up question...

PPA Section 501 requires most single employer DB plans (covered by PBGC and greater than 100 participants) to distribute an annual funding notice to participants no later than 120 days following the end of the plan year. For a 2008 calendar year plan, this would be 04/30/09.

I do have not seen that model language has been provided by the IRS and wanted to know if this 04/30/09 deadline still applies, or has it been delayed?

Thanks in advance.

[Guest SuzieQNEC]

I understand model wording has not been released. But does anyone have any thoughts on suggested wording or content? We have a client that wants DB plan statements immediately so we wouldn't mind having as close a statement as possible as to what should be on there.