Guest jim williams Posted June 16, 2005 Posted June 16, 2005 Can a defined benefit plan be designed or amended to permit only lump sum distributions in the event of a plan termination even for former employees currently receiving annuity payments?
david rigby Posted June 16, 2005 Posted June 16, 2005 It would seem not, at least with respect to accrued benefits. To do so would likely violate one or more existing plan provisions, not to mention 411(d)(6) concerns. 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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