What Must be Contained in Pension Benefit Statement

[Guest jfreeborn]

I was wondering if anyone could tell me or point in the right direction to find out what exactly must be included in a defined benefit plan's "pension benefit statement" to active participants?

Thanks!

[frizzyguy]

I was wondering if anyone could tell me or point in the right direction to find out what exactly must be included in a defined benefit plan's "pension benefit statement" to active participants?

Thanks!

That's an interesting question, I have always taken the statement process for granted as far as content was concerned. Every company I have ever worked for had their statements reviewed by an ERISA attorney and any time a change was needed, they got that approved too. That being said, I'm sure Mr. Rigby, and rightfully so, would recommend you consult ERISA counsel to get a definitive answer to this questions.

That being said, I did some looking in the dusty ERISA regulations and I think the answers you are looking for lie in ERISA Regs 2520.105-2(e).

I would state them, but there is a lot. Also, for a DB plan remember to provide them at least every three years or provide a statement they are available upon request annually.

[david rigby]

Start with PPA section 508, which amended ERISA section 105.