Why this is mistaken
Wrong: Any large benefit payment is a pension settlement.
Correction: A settlement is an irrevocable action that relieves the employer or plan of primary responsibility and meets the applicable recognition threshold.
Where to watch
When this mistake may appear
- A benefit-plan analysis treats this claim as true: Any large benefit payment is a pension settlement.
Check your work
Your work may contain this mistake if:
- Any large benefit payment is a pension settlement.