Interest Credits After NRD

[ERISAAPPLE]

Are cash balance participants required to receive an interest credit after their NRA?  If they do not, do we have to give the participant a suspension of benefits notice?   This is not a question of what the plan says.  It is question of what the plan must say.  

[Mike Preston]

They do.

[SoCalActuary]

But the plan must still comply with 415, which might cause some participants to have suspended benefit accruals, especially the rule of 100% average pay.

[CuseFan]

You have continued interest and, if still employed, service credits post NRA. Suspension of benefits notice can get you out of actuarial increases, but only if still employed. Be careful, because low interest credits alone may not be sufficient post-NRA adjustments per IRS.