Allocation Of Plan Assets On Termination

Definition of "Allocation of plan assets on termination"

Renee McElrath real estate agent
Renee McElrath, Real Estate Agent NextHome Captial City Realty

Distribution of assets if a pension plan is terminated. The allocation is made by either:

  1. refunding all of an employee's contributions, plus interest;
  2. establishment of classes of employees and their beneficiaries according to entitlement to benefits.

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