Session from the 2007 Enrolled Actuaries Meeting
03/27/2007 - 4:00 - 5:30 PM
Credits: EA Core 1.80 CPD 1.80
After PPA, if the funding percentage drops too low, all sort of things can happen, including:
- At-risk funding rules may kick in;
- Benefit limitations on accruals, lump sums, or plan amendments may be triggered;
- Use of credit balances may be temporarily restricted or permanently declassified.
Just to keep you on your toes, the way you determine the funding percentage isn’t always the same. In this session, speakers provide an in-depth analysis of the special rules that apply to severely underfunded plans with examples and consulting alternatives. (Repeated at Session 601.)