1.    The pension fund must be based upon actuarial tables and the association is authorized to engage an actuary for studies of the plan when deemed necessary by the association.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

2.    As required by section 401(a)(8) of the Internal Revenue Code; 26 U.S.C. § 401(a)(8), no part of any benefit forfeitures of a member resulting from the application of any provisions of this chapter may be applied to increase the benefits a member would otherwise receive.