Jump to content

Existing user? Sign In
Sign In

Remember me Not recommended on shared computers

Forgot your password?
Sign Up

Defined Benefit Plans, Including Cash Balance

Break in service, average comp

Guest DBStudentAct

By Guest DBStudentAct
June 5, 2009 in Defined Benefit Plans, Including Cash Balance

Share

https://benefitslink.com/boards/topic/42441-break-in-service-average-comp/

Recommended Posts

Guest DBStudentAct

Guest DBStudentAct

Posted June 5, 2009

Posted June 5, 2009

I know this may have been asked before, but would appreciate any help.

I am doing a retirement calculation for a rehiree.

She termed in 1997 and took a lumpsum payment. Was rehired in 2000 and is now retiring.

The benefit is based on high 3 years of compensation.

Can I use the compensation prior to rehire date in order to compute the average comp?

The plan document has no clear guidelines on the said matter.

Andy the Actuary

Posted June 5, 2009

Posted June 5, 2009

Well. If it doesn't say specifically that you don't, then you do.

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.

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 account

Sign in

Already have an account? Sign in here.

Sign In Now

Share

https://benefitslink.com/boards/topic/42441-break-in-service-average-comp/

Go to topic listing

×

×

Create New...

Important Information

I accept