Annual Funding Notice

[dmb]

Does anyone know if a Model Annual Funding Notice that considers additional disclosures for MAP-21 is forthcoming??

Also, it looks like one of the additional disclosures is the minimum required contribution under MAP-21 and pre-MAP-21 provisions. For plans on MAP-21 does that mean that a pre-MAP-21 faux psuedo funding standard account will need to be kept from year to year for AFN purposes??

Thanks.

[Andy the Actuary]

Wonderful questions that relate to more useless information. It does make you love Congress's punitive action requiring pre-Map21 information to be shown when adoption of MAP21 is involuntary (starting in 2013).

You may want to ask will the PBGC (or is it DOL or IRS) define what is meant by MRC. You suggest that it takes into account the credit balances. That may or may not be the case and may or may not ever be known what is the case.

I take the easier approach and rely upon Sungard Relius to embrace the definitive interpretation in their AFN software.

[SoCalActuary]

And I do the same using Datair.