With the aging of the workforce, many participants are working beyond plans’ normal retirement ages. Anyone consulting on defined benefit and cash balance retirement plans has to understand the complexity of these situations, how to deal with these situations, how to draft plan documents in anticipation of a participant working past normal retirement age and what disclosures should be made.
This program will cover the interplay between IRC sections 411, 415 and 401(a)(9), as well as DOL requirements.
- What are the issues involved with participants working beyond the plan’s normal retirement age?
- How should consultants and plan sponsors draft plan provisions that should be in the plan’s document? Thus, the plan sponsor is given the tools to necessary to offer options to the plan sponsor and participant.
- What notices should be distributed to plan participants who are working past normal retirement age?
- Rick Block, FSPA, ASA, FCA, MAAA, Block Consulting Actuaries, Inc.
- James Holland, Chief Research Actuary, Cheiron, Inc.
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