Guest PaulaRafferty Posted August 17, 2004 Posted August 17, 2004 Is there still a rule around that prohibits a participant from extending loan payments past their NRA? I couldn't find any information that this rule actually existed but it has come up in our office. Thanks for any help!
FundeK Posted August 17, 2004 Posted August 17, 2004 I have done extensive research regarding loans and have never run across anything that would indicate a participant couldn't make loan repayments past NRA. They are allowed to make deferrals, why wouldn't they be allowed to make loan repayments?
Guest PaulaRafferty Posted August 17, 2004 Posted August 17, 2004 That's a good point. I did find a thread about this very topic from September 2002 and everyone basically came to the conclusion that to not allow a participant to have a loan with repayments past their NRA would consitute age discrimination. Thanks for your help!
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