Guest sue1jeff Posted April 22, 2003 Posted April 22, 2003 a psp and db currently exist. if the dbpp is terminated and there is a trustee to trustee transfer do participants in the dbpp have to be poffered payiut options or can their monoies simply be transferred to the psp.
david rigby Posted April 22, 2003 Posted April 22, 2003 For the most part, "termination" and "transfer" are two different animals. Termination of a DB plan can permit a participant to elect a transfer, but not require it. Most likely, the plan document will already note the options available to a plan participant. 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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