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.