Randy Watson Posted February 21, 2007 Posted February 21, 2007 We are terminating a DB plan. The annuity provider won't issue an annuity without the participant's signature (the provider claims that the annuity is too small). The participant won't sign. I believe you are permitted to treat unresponsive participants as missing participants for purposes of terminating a defined contribution plan. Is there a corresponding rule for DBs? I couldn't find one.
david rigby Posted February 22, 2007 Posted February 22, 2007 No. Read here: http://www.pbgc.gov/practitioners/plan-ter.../page13263.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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