Guest Bud Posted April 13, 2004 Posted April 13, 2004 Participant requested a hardship withdrawal with spousal consent (plan offers annuities). Something happened between them and now the spouse wants to withdraw her consent. Payment hasn't occurred yet. Does anyone have any thoughts on whether we should accept the rescission or treat the consent as irrevocable? Before anyone says follow the plan document, the plan document doesn't say. Thanks
Earl Posted April 14, 2004 Posted April 14, 2004 aren't the spousal consents irrevocable unless the participant changes the original election? My forms so specify although I don't know if that is a reg. CBW
WDIK Posted April 14, 2004 Posted April 14, 2004 What does the plan say? Before anyone says follow the plan document, the plan document doesn't say. ...but then again, What Do I Know?
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