Common Errors

(Frames) [Home] [Contact Us] [Search]

[Headlines] [Common Errors] [About Claims] [Plan List] [Find Pension] [Links]
...below is a list of common errors we've encountered.
Follow this link for insight into how your calculation was prepared

DOL Common Errors
  • In calculating the highest average compensation, a high year of compensation is omitted.
  • Some years of benefit accrual service are omitted.
  • The wrong lump sum factor is used to cash-out a pension.
  • The cash payout in the Cash Balance Plan is too low.
  • A minimum benefit, or minimum calculation, is ignored.
  • Mathematical mistakes are made.
  • Enhanced or optional forms of benefits are not offered.
  • Mistakes in the calculation of death benefits are made.
Often while performing a pension calculation, the Plan Administrator is confronted with some unusual aspect where a decision needs to be made, and often the least costly (lower) benefit is decided upon.

Apply for your pension benefit inspection now!

 
Copyright (c) 2001-2011 Pension Benefit Verification Service (PBVS)