Get Sample Plan Amendment For Section 436

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

Section 436, which was also added by PPA '06, sets forth a series of limitations on the accrual and payment of benefits under an underfunded plan. The payments that are limited by section 436 include payments of unpredictable contingent event benefits, as defined in Regs.

Benefit limitations for underfunded defined benefit plans Section 436 of the Code provides limits on benefits and benefit accruals under single-employer defined benefit pension plans, which are applied based on the plan's adjusted funding target attainment percentage (AFTAP) for a plan year.

This is the funded status measure provided by the plan's actuary calculated as the ratio of adjusted plan assets to the adjusted funding target as of the plan valuation date. The actuarial certification of a plan's AFTAP for a given plan year is generally provided by the first day of the fourth month of the plan year.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

The adjusted funding target attainment percentage (AFTAP) is calculated in the same manner as the FTAP except that both the value of plan assets and the funding target are increased by the aggregate amount of annuities purchased by the plan for plan participants other than highly compensated employees during the two ...

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

A plan's adjusted funding target attainment percentage for the plan year as defined in section 436(j) (AFTAP), as certified by the plan's enrolled actuary or determined under the presumption rules of section 436(h), is used to determine whether the plan is underfunded for purposes of the limitations under section 436.

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

Section 436, which was also added by PPA '06, sets forth a series of limitations on the accrual and payment of benefits under an underfunded plan. The payments that are limited by section 436 include payments of unpredictable contingent event benefits, as defined in Regs.

Benefit limitations for underfunded defined benefit plans Section 436 of the Code provides limits on benefits and benefit accruals under single-employer defined benefit pension plans, which are applied based on the plan's adjusted funding target attainment percentage (AFTAP) for a plan year.

This is the funded status measure provided by the plan's actuary calculated as the ratio of adjusted plan assets to the adjusted funding target as of the plan valuation date. The actuarial certification of a plan's AFTAP for a given plan year is generally provided by the first day of the fourth month of the plan year.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

The adjusted funding target attainment percentage (AFTAP) is calculated in the same manner as the FTAP except that both the value of plan assets and the funding target are increased by the aggregate amount of annuities purchased by the plan for plan participants other than highly compensated employees during the two ...

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

Code Section 436 (Funding-based) Benefit Limits Benefit accruals must be frozen; Plan may not pay lump sums or other accelerated distributions; no amendment increasing benefits may take effect; UCEBs cannot be paid unless immediately funded. Benefit accruals are not restricted.

The funding target attainment percentage of a plan is a measure of how well the plan is funded on a particular date. This percentage for a plan year is obtained by dividing the Plan's Net Plan Assets by Plan Liabilities on the Valuation Date.

A plan's adjusted funding target attainment percentage for the plan year as defined in section 436(j) (AFTAP), as certified by the plan's enrolled actuary or determined under the presumption rules of section 436(h), is used to determine whether the plan is underfunded for purposes of the limitations under section 436.