Monday, June 27, 2016

Defined Benefit Accruals

11:09 AM


Question:

I have a defined benefit pension with a reduction of 5% between 57 and 65.

The amounts for the bridge benefit from age 57 to 65 and the lifetime pension amount should be reduced,  but they don't appear to be being reduced much at all.

Why are these amounts above the values that would be received at age 65?

Answer:

Since the user is going to retire in a few years, the program calculates future pension accruals between the calculation date and the termination date. This explains why the amount is different.

For the amounts to remain constant, enter the information under "Prior Employer Plans".

0 comments:

Post a Comment

 

© 2018 Risk Blog by Equisoft Inc. All rights reserved. Designed by Templateism

Back To Top