Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Bates & Company, Inc.
|
Loan & Distribution Specialist AimPoint Pension
|
Regional Vice President of Sales The Retirement Plan Company
|
AimPoint Pension
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
IRS Clears Way for Cash Balance Plans to Adopt New Mortality Table
Deloitte & Touche Human Capital Advisory Services Nov. 19, 2002
Excerpt: The change to the GAR mortality table is expected to result in a roughly 2 to 3 percent decrease in the annual annuity benefit for participants in cash balance plans. This ... led cash balance plan sponsors to question whether amending their plans to implement this change would violate the anticutback rule [IRC section 411(d)(6)] and/or trigger the ERISA section 204(h) notice requirements.
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |