Is educational Info distributed to employees regarding plan features b

[Guest kpmoon]

I recently resigned from a University where I worked as a faculty member. Prior to termination, the University adopted a defined contribution plan. I switched from the state sponsored defined benefit plan. At the time I switched, a plan comparison was distributed by the University. This brochure stated a lump-sum distribution was permissible under both plans. I have since requested a distribution, and am being denied because the "actual" plan does not allow a lump-sum distribution. Is the University bound by the summary info provided?

[Ervin Barham]

There are lots of court cases on this very topic. Make sure you have a copy of the Summary Plan Description for both plans. If you don't, ask for one in writing. It describes your rights under ERISA (usually at the back).

You can also contact the Department of Labor and you may also wish to contact an attorney who is familiar with ERISA and the pension area.

It is almost impossible to answer your question in this forum without seeing the materials (and possible disclaimers, etc.)