QPSA - What does QPSA stand for? The Free Dictionary
References in periodicals archive
OPSAs: A QPSA
under a defined contribution plan is a life annuity payable to the surviving spouse of a participant who dies before his or her annuity starting date.
The first spouse will receive the benefits in the form of a QJSA or QPSA
unless he or she agrees to another option proposed by the participant.
The ruling describes three alternative plan designs and determines when the plan becomes subject to the QJSA and QPSA
requirements and whether the plan has to provide the written QPSA
explanation required by Sec.
There is no requirement to provide QPSA
based on the QOSA: There is no requirement that an alternative to the qualified preretirement survivor annuity (QPSA
) be offered based on the QOSA.
Because such benefits are subject to elimination or reduction, they do not become accrued benefits and they are not required to be provided in the form of a QJSA or QPSA