Pension plans.

CFR · 2024-01-01 · US · Title 12

(a) (b) (c) (1) Any such increase shall be for a period and amount determined by the sponsor's board of directors, but in no event shall it exceed the annual increase in the Consumer Price Index published by the Bureau of Labor Statistics; and (2) No increase shall be granted unless: (i) Anticipated charges to net income for future periods have first been found by such board of directors to be reasonable and are documented by appropriate resolution and supporting analysis; and (ii) The increase will not reduce the association's regulatory capital below its regulatory capital requirement. (d) (e) (1) Plan description; (2) Schedule of participants and beneficiaries; (3) Schedule of participants and beneficiaries' rights and obligations; (4) Plan's financial statements; and (5) Except for defined contribution plans, an opinion signed by an enrolled actuary (as defined by the Employee Retirement Income Security Act of 1974) affirming that actuarial assumptions in the aggregate are reasonable, take into account the plan's experience and expectations, and represent the actuary's best estimate of the plan's projected experiences.

official document · source cfr-2024 · id 12:§ 163.47