Gary Posted February 27, 2001 Posted February 27, 2001 A Plan states that the lump sum is based on the factors published by the PBGC (this was pre GATT lump sum). My question is what is the mortality table required? Table 1 of Sec 4044 is based on the GAM83 table for males. Table 3 is based on the UP84 table. Does anyone have any thoughts at to what table is more appropriate? I am requesting interpretations of the Plan provision. I do not care to discuss what the administrator actually does. gary
david rigby Posted February 27, 2001 Posted February 27, 2001 Well, precedent might be important. My interpretation (of the phrasing you have given) would be to use the UP84 Table (that is, no setback or setforward, which is the same as 20% female weighting). Of course, post-GATT this might still be the definition, with the GATT value serving as a minimum. 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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