beartd Posted August 1, 2018 Report Share Posted August 1, 2018 We would like to offer lump sums to current retirees upon the termination of the DB plan. The PBGC has no issue with it but IRS Notice 2015-59 indicates that the IRS is going to publish retroactive regs which will eliminate the option under 1.401(a)(9)-6, A-13 to offer lump sums to current annuitants in the event of plan termination. I've seen various articles which seem to indicate that they don't anticipate the IRS eliminating the lump sum options on plan termination but the notice appears to indicate otherwise. Anyone have any recent experience with the IRS on this? Link to comment Share on other sites More sharing options...
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