Re(1): We have are own Watch Group IP: 71.243.254.160 Posted on August 1, 2014 at 02:38:59 PM by royhall
Can someone please advise me if the information I received from a Pension Board Member is correct? I was told, by a member of the pension board, that when and if the fund becomes 100% or fully funded the fund/plan loses it's non profit tax status and that would of course result in the plan paying taxes on certain gains. I wonder what effect that would have on contributions, benefits, and the plan as a whole. If this is true and if the effect would be harmful to the plan, members, and/or the tax payer, shouldn't that have been mentioned in the interview? I realize that it may have been mentioned and cut from the interview. Inquiring minds would like to know. Any expertise out there? Replies: There have been no replies.
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