Advisory Opinion on Floor-Offset Arrangement Amendments

This document is about an advisory opinion from the U.S. Department of Labor concerning the application of the Omnibus Budget Reconciliation Act of 1987 (OBRA '87) grandfather provision to the proposed amendment of two defined benefit plans that are part of a floor-offset arrangement established prior to December 17, 1987. The opinion concludes that the proposed amendment to provide certain minimum benefits would not render the grandfather provision inapplicable to the arrangement.