tjw572 Posted January 30, 2020 Posted January 30, 2020 I have an interesting situation. The adoption agreement in question only has a last day requirement waiver for normal or early retirement. I have a Participant that has met Normal Retirement Age but is not employed on the last day of the Plan Year due to death. Would this person get an employer contribution? I definitely admit this is a gray area and could be argued either way. My thinking is leaning towards no since there is a separate waiver for death as an option in the adoption agreement. This is on a Relius Document.
CuseFan Posted January 30, 2020 Posted January 30, 2020 I think any separation after NRA qualifies for retirement (and waiver of last day requirement), whether by death, disability, voluntary or involuntary termination. Kenneth M. Prell, CEBS, ERPA Vice President, BPAS Actuarial & Pension Services kprell@bpas.com
K2 Posted February 1, 2020 Posted February 1, 2020 I think that if the decedent's last words were "and I quit", then he has to get an allocation. Just kidding, I agree with CuseFan.
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