Anti-Cutback Rule: Tricks, Traps, and Workarounds [2019]

FIS Retirement Education

The anti-cutback rule is a familiar rule, but one that is often not fully understood. For example. from time to time, an employer will need or want to take to modify distribution options or other benefits.

And this is where the anti-cutback rule comes into play. When can a plan remove or modify existing distribution options? If it is protected, can the plan be changed going forward? If so, is there a problem with benefits, rights and features?

This web seminar examines this difficult, technical issue and the relating nondiscrimination testing concerns.

Topics include:

• What is a protected benefit?
• The three protections for vesting
• Exceptions to the protected benefit rules
• Extent of the protection
• Limiting protected options
• Effect on benefits, rights, features
• Mechanics of testing benefits, rights, and features
• Optional approaches and their limitations

After the seminar, attendees should be able to:

• Determine if a change in distribution options is a change in protected benefits
• Identify whether a given plan option is a protected benefit, right, or feature
• Determine whether an approach to a protected benefit issue may require nondiscrimination testing
• Advise an employer on approaches to addressing protected benefit issues

Speaker: David Schultz, J.D.

More Information, How to Register