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Title 29: Labor
Subtitle B: Regulations Relating to Labor (Continued)
CHAPTER XL: PENSION BENEFIT GUARANTY CORPORATION
SUBCHAPTER E: PLAN TERMINATIONS
PART 4044: ALLOCATION OF ASSETS IN SINGLE-EMPLOYER PLANS
Subpart B: Valuation of Benefits and Assets
: Expected Retirement Age
4044.56 - XRA when a participant need not retire to receive a benefit.
(a) Applicability. Except as provided in ? 4044.57, the plan administrator shall determine the XRA under this section when plan provisions or established plan practice do not require a participant to retire from his or her job to begin receiving his or her early retirement benefit.
(b) Data needed. The plan administrator shall determine for each participant?
(1) The participant's URA; and
(2) The participant's earliest retirement age at valuation date.
(c) Procedure. Participants in this case are always assigned to the high retirement rate category and therefore the plan administrator shall use Table II-C of appendix D to determine the XRA. The plan administrator shall determine the XRA from Table II-C by using the participant's URA and earliest retirement age at termination date.
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