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Revocation of spousal consent


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Posted

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

Posted

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

Posted
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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