Young Curmudgeon Posted February 5, 2016 Posted February 5, 2016 How aggressive is it if I set forward the testing table (software allows up to 9 years) for my combined plan testing? Without a set forward, the gateway requirement jumps to 7%. With a five year set forward, I'm back to 6%.
My 2 cents Posted February 5, 2016 Posted February 5, 2016 Never mind what the software allows - what do the applicable regulations allow? Always check with your actuary first!
Young Curmudgeon Posted February 5, 2016 Author Posted February 5, 2016 Yes, that is the question. It is the same table for everyone with the set forward. I have opposing views from two actuaries. Is there anything that can be relied on in the regs?
Mike Preston Posted February 5, 2016 Posted February 5, 2016 Which is to say, they don't. I'd ask the actuary that said you could use a set forward to provide a cite. My guess is that the software allows a set forward "just in case" the regs are changed to so allow someday.
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