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Pension Funding Relief Extended
October Three Consulting Link to more items from this source
[Guidance Overview]
Sept. 2, 2014
"The retroactive nature of HATFA 2014 relief creates an issue for those plans that, based on their funded status under current rules, were required to impose benefit restrictions in 2013. To address that issue, the legislation allows a plan to disregard the new MAP-21 extension, for 2013, for all purposes (e.g., funding and benefit restrictions) or just for purposes of benefit restrictions. Some plans may, however, have imposed restrictions for 2014 -- that possibility is not addressed in the legislation."

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