david rigby Posted October 24, 2016 Posted October 24, 2016 This might be old news to some; I've never seen it before. Sponsor has more than one DB plan, and is planning to offer a VT window in both plans. Is the Settlement threshold (service cost + interest cost) based on (a) the sum of all plans, or (b) per-plan basis? I can see an argument in favor of (a) or (b). Anyone with experience on point? I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
AndyH Posted October 25, 2016 Posted October 25, 2016 I've never seen or heard consideration of a second plan in determining the threshold. And this includes public and private plans.
david rigby Posted October 26, 2016 Author Posted October 26, 2016 After further reading and thought, I agree with AndyH. In particular: - SFAS88, paragraph 11, uses the phrase "...for the plan for the year..." - ASC715-30-35-82 uses the phrase "...for the pension plan for the year..." Done. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
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