Compensation and Benefits - EBS (MOSC)

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Benefit Plan with different Calculated Bases or Special Accumulators

edited Mar 25, 2019 5:08AM in Compensation and Benefits - EBS (MOSC) 2 commentsAnswered

We have a mandatory State Retirement Plan. State rules are changing the definition what Earnings/Deductions are used to determine the Calculated Base of the Plan, but only for new employees. Existing employees will keep the previous definition.

We are trying to determine, if we can, a method of doing this without creating a new Benefit Plan (In fact, it would be 8 news Plans based on current business needs). To be clear, nothing about the Plan structure is different for old or new employees; the only difference is slight changes to what earnings/deductions add or subtract the total Calculated Base.

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