Gary
Aug 16 1999, 02:52 PM
My understanding is that current regs provide that if a plan does not provide notice of suspension of benefits, then they must provide for the greater of the actual accrued benefit at late ret. or the act. equiv. of such ben. Any other thoughts?
david rigby
Aug 16 1999, 03:00 PM
My understanding is that, if the plan provides the greater of
(1) additional accruals, or
(2) the actuarial equivalent of the NRD benefit, then
the plan is exempt from the DOL requirement to notify participants of the "suspension" or "forfeiture" of benefits.
Hmm, I wonder what would happen to Social Security if the federal govenrment were required to follow its own rules.