dmb Posted December 29, 2005 Posted December 29, 2005 A client that has previously filed a standard termination with the PBGC has now decided they can't make the plan sufficient and is planning on filing a distress termination. The employer is also going through bankruptcy. Until the plan officially files for the distress termination and the PBGC takes the plan over, should distributions to participants entitled to distributions be made from the plan in accordance with the terms of the plan or should distributions (except for annuities) cease?? Thanks.
david rigby Posted December 29, 2005 Posted December 29, 2005 Read everything here: http://www.pbgc.gov/practitioners/plan-ter.../page13261.html 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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