FAQ 894: Fully Subsidized Early Retirement

Problem:

ASC shows the assumed retirement age in the Actuarial Assumptions and Method Report as the Normal Retirement Age. Is there a way to indicate that the funding age is the early retirement age?


Solution:

Set the "Assumed RA" field on the Funding \ FUNDMETH screen to "Early"
Code the normal retirement age as the plan's normal retirement age on the General \ Identification \ RETIRE screen.
Enter the early retirement age provisions as the age to which you are funding on the General \ Identification \ ANCILELG screen and set the "Vest at Early Retirement" field to "Yes".
On the General \ Benefits \ OTHERBEN screen, set the "Early Retirement Benefit" field to "No Reduction".