Guest jhengle Posted December 1, 1998 Share Posted December 1, 1998 Before the plans are merged some employee are told they will be terminated. Before their severance pay period is up the pension plans are merged. This causes a reduction in lump sum values. Does this violate 1058? Or is it protected by 411(d)(6)? The plan before the merger always paid lump sums on termination. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now