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Defined Benefit Cap Prior to Social Security normal retirement age.


jlf

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Guest Joe Hoho
Posted

Based on the GAM83 (50%male/50% female) mortality table as required by GATT and a 5% interest rate, I believe that it is $80,008 at age 55 as of 2000.

Posted

Let's assume the DB is $100,000, how is the $20,000 overage treated if one retires at age 55? Thanks

Posted

You could not receive the $20,000 from the plan. Whether you could receive it at all (even outside of the plan) would depend on whether the employer also had an "excess benefit plan" as described in Code section 415(m).

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