tuni88 Posted March 17, 2009 Posted March 17, 2009 We paid a couple lump sums from our DB pension plan during early 2008. Our auditor is calling these annuity purchases. If they are annuity puchases then we can add them to the fraction that makes up the ATFAP, no? Please sort out the confusion. I guess the question is: Do lump sums get added to both the numerator and denominator of the fraction?
AndyH Posted March 17, 2009 Posted March 17, 2009 A cat in a hat is a cat not a hat and not a dawg. No, a lump sum is not an annuity purchase and is not handled like one.
AndyH Posted March 18, 2009 Posted March 18, 2009 My guess is he is thinking FAS 88 - where both constitute settlements and are treated the same.
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