Contribution/Benefit Cutback Rules Under 411(d)(6)

Changes to the anti-cutback rules also help portability.

  • Facilitates the transfer of benefits from one defined contribution plan to another primarily due to mergers and acquisitions.

  • Allows plan features to not be protected if the member consents and certain requirements are met.

  • Directs the IRS to issue regulations allowing for the elimination of optional forms of benefits under defined benefit plans provided certain requirements are met.