Allocation Of Plan Assets On Termination

Definition of "Allocation of plan assets on termination"

Carmen Munoz real estate agent
Carmen Munoz, Real Estate Agent Keller Williams 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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