Posted by A Palmer on 14 December 2000 at 16:56:37:
In Reply to: C Plan capping posted by A Palmer on 04 December 2000 at 19:54:51:
Pending a full response via the official procedure, Diane Lloyd is saying that the only excess that is returned is that generated by additional payments (not the C plan itself) above government guidelines.
I still find it "strange" that MIL 582 uses EXACTLY the same formula to cap both C Plan and voluntary additions. So there is either a mighty unusual coincidence or IBM originally added the cap to the C Plan because of the then government guidelines and mean to remove it when (as they did) the Government guidelines were relaxed.