I have a client who is past his plan NRD and his benefit is max'd out at the 415(B)(2)(B) 100% of comp limit. Since the comp limit is supposedly absolute, his lump sum is decreasing each year. Is this correct? If so,is there any remedy?
pax
Sep 27 2000, 04:39 PM
Since he is over NRA, has he thought about commencing benefit payments?
AndyH
Sep 28 2000, 08:55 AM
Yes, I think the situation of a decreasing lump sum is correct. We've had one in the same situation.
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