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Money Purchase Plans


oldman
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Guest jedens

We have had a money purchase pension plan since 1999 and annuities are not a requirement. Annuities are required by ERISA and since we are a governmental plan, that does not apply to us.

Jim

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Depends on the terms of the plan and state/local statute(s).

I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.

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