flosfur
Feb 26 2009, 01:00 AM
Is the Target Normal Cost prorated, especially for the Max, for short plan year?
I think not, because the TNC is the value of benefit accruing during the plan year, short or not!
FAPInJax
Feb 26 2009, 08:08 AM
I would agree with your interpretation. However, the amortization of the shortfall base would be prorated (if there is one).