Case study: A solution for defined benefit plan pre-retirement beneficiary administration The challenge: Management of pre-retirement beneficiaries A Milliman client sponsors a defined benefit pension plan that consists of over 60 benefit structures and has varying and complex pre-retirement beneficiary designation rules. The challenge of getting valid beneficiary elections and tracking them was overwhelming. For one of the benefit structures applicable to a large group of participants, the plan rules only permit the payout of a non-spouse pre- retirement death benefit if a valid beneficiary election is on file. There are no default rules for single participants. Further complicating the issue is the fact that many participants have benefits across multiple structures, each having differen

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