PPA DB Plan Benefit Statement Contents

[RCK]

PPA gave the DOL one year after the enactment of PPA ( by August 18, 2007) to develop one of more model pension benefit statements.

I've seen Field Assistance Bulletins 2006-03, and 2007-03 that basically talk about timing of statements and good faith compliance on a number of topics. But were the model statements ever released?

[Andy the Actuary]

PPA gave the DOL one year after the enactment of PPA ( by August 18, 2007) to develop one of more model pension benefit statements.

Gracie Allen was telling George Burns about talking with her Uncle Alfred when George interrupted her, "Gracie, I thought a year ago the doctor only gave your Uncle Alfred six months to live?" "Oh, that's right George," Gracie replied, "but my Uncle Alfred didn't pay the doctor so the doctor gave him another six months."

[Everett Moreland]

The preamble to the 1980 proposed regulations on benefit statements (2520.105-1 and -2 and 2530.209-1 and -2), which I found helpful in drafting benefit statements, states the following about a model statement:

"In view of the multiplicity of plan provisions, it would be difficult for the Department to ensure that the format of a model statement would not be misleading under any circumstances. Accordingly, the Department has made a decision at this time not to publish model benefit statements."

Apparently EBSA has not since changed its mind.

[jpod]

Either Gracie/George stole that line from Henny Youngman or vice versa.

[RCK]

Henny Youngman, Gracie Allen and the DOL.

Sounds like a Karnack joke to me.

[Effen]

Wow, I will assume that you guys aren't really dating yourselves, but that you just listen to a lot of Sirius 118.

[Andy the Actuary]

Either Gracie/George stole that line from Henny Youngman or vice versa.

Believe it was either vice-versa or verse-vicea