Retirement Age for calcs

[BG5150]

Do I have to use the Normal Retirement Age for the plan?  Or can I use 65 in my calculations?

NRA for this plan is 59 1/2.

 

[BG5150]

And if I need to use 59.5, do I use the year in which they turn 59.5?

Here's the data:

DOB 7/15/2000

PYE 2025

Age PYE 25:  25

Year age 59: 7/15/2059

Year age 59.5: 2060

Software is telling me 34 yrs to retirement.  But they aren't 59.5 yet at 12/31/2059.

Are we supposed to round down?

[BG5150]

Check a few.  Seems like it's rounding down.  Years to retirement is based on the year they turn 59.

[John Feldt ERPA CPC QPA]

Use the definition of testing age in 1.401(a)(4)-12. I believe you can either round to the nearest age or use their attained age, as long as it is consistently applied to all employees.