Retiree COLA permitted in frozen plan?

[AndyH]

If an underfunded plan is frozen, and 5 years later the sponsor wishes to provide an unscheduled COLA (flat % for example) to retirees only, is this permissable? The assumption is that the plan continues to be frozen (not terminated).

[This message has been edited by AndyH (edited 06-08-2000).]