The lesser resistance of 12-gauge wire means that it can allow charge to flow through it at a greater rate-that is, allow a larger current. Thus, 12-gauge wire is used in circuits which are protected by 20-Amp fuses and circuit breakers.
of it. A âstatutory hybrid planâ is defined as a âdefined benefit plan that contains a statutory hybrid benefit formula.â2 A âstatutory hybrid benefit formulaâ is, in turn, a benefit formula that is a âlump sum-based benefit formula or a formula that is not a lump sum-based benefit formula but that has an effect similar to a lump sum-based benefit formulaâ.3
A plan that determines any portion of the participantâs accrued benefit based on a statutory hybrid benefit formula using a variable interest crediting rate that was less than zero for the prior plan year would not fail the requirements of the 133â% rule for the current plan year merely because it is assumed that the variable rate is zero for the current plan year and all future plan years.