Early ret requirements under cash balance plan

[Gary]

Say an ee retires at age 60. The cash balance plan states that the immediate annuity is equal to the act equiv of his account balance. Isn't it required that the plan determine accd ben. as the account balance projected to 65, then converted to an annuity at age 65, then reduced for early commencement at age 60? Is it allowed to have the early ret ben as simply the act equiv of acct bal at rerm date?

[Guest]

I have seen both and I don't have a problem with either, just be sure to do what the Plan Document requires.