Highway to You No Where

[Andy the Actuary]

Highway Bill appears to reduce required contributions so that employers will have -- at least temporarily -- the wherewithal to pay increased PBGC premiums. We must continue to count our blessings that Congress is unable to legislate changes in the Law of Gravity !!!

[FAPInJax]

The best part, at least in my mind, is that we have decreased contributions required, increased AFTAPS meaning the assets can paid out easier. Someone was not thinking when they put this together (oops - this was Congress <GG>)

[Andy the Actuary]

The best part, at least in my mind, is that we have decreased contributions required, increased AFTAPS meaning the assets can paid out easier. Someone was not thinking when they put this together (oops - this was Congress <GG>)

Yup, it will no doubt allow my client whose Assets to FT ratio was 108% to distribute lump sums to HCEs without making additiional contributions.

[david rigby]

Trying to avoid any comments on the poor economic theory behind this legislation ,

and assuming it becomes law, does anyone have any reasonable estimate of how long it will take the IRS to give us this 25-year average?

[Andy the Actuary]

Trying to avoid any comments on the poor economic theory behind this legislation ,

and assuming it becomes law, does anyone have any reasonable estimate of how long it will take the IRS to give us this 25-year average?

Analogize from this example: We play a game with our 3 year old granddaughter. We ask, "How big is Amelia?" And then we spread out our hands and answer our own question, "So big."

Let's ask a bigger question. Presumably, these calculations have been made. Why have they not been released in information form so that practitioners may begin to apprise their clients of MAP-21 impact. "So big."