Guest JM123 Posted July 30, 2010 Posted July 30, 2010 Is it possible for a multiemployer plan to specify that benefits are to be adjusted so as to avoid having any unfunded liability? I am almost certain there is a misunderstanding, but is anyone aware of a special kind of plan that would allow this?
Effen Posted July 30, 2010 Posted July 30, 2010 I have seen a lot of creative things in the multiemployer world, but something like that would seem to run afoul of the definitely determinable rules. Also, you would have to keep doing 204(h) notices every time the benefit decreased. I just don't see how it could work. 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.
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