Guest Donald L Posted April 29, 2010 Posted April 29, 2010 What % of pension plans reduce normal benefits for alternative payments (ie. 50% survivor) by the same % for every retired employee vs. based on PBGC interest rates. For example. a 89% reduction for 50% survivor no matter when you retire.
david rigby Posted April 29, 2010 Posted April 29, 2010 Just a guess: zero. 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.
John Feldt ERPA CPC QPA Posted April 30, 2010 Posted April 30, 2010 I know of a very old large plan with 17,000+ participants that used 95% for all Joint and 50% conversions and 90% for all joint and 100% conversions. These are subsidies and the actuary took that into account in the funding assumptions.
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now