6 pages. Excerpt: The proposed regulations would provide a limited exception to the existing requirement under § 1.411(b)– 1(a)(1) to aggregate the accrued benefits under all formulas in order to determine whether or not the accrued benefits under the plan for participants satisfy one of the alternative methods under section 411(b)(1)(A) through (C). Under this limited exception, certain plans that determine a participant's benefits as the greatest of the benefits determined under two or more separate formulas would be permitted to demonstrate satisfaction of the 133-1/3 percent rule of section 411(b)(1)(B) by demonstrating that each separate formula satisfies the 133-1/3 percent rule of section 411(b)(1)(B).

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