Can Part change election to w/draw eecwi?

[Guest SuzieQNEC]

Late last year, we revisited a pension plan whose 2008 retirees were not offered the 75%J&S option. We offered them the option to elect the 75% and the difference from original election would be reconciled. A participant originally elected to not withdraw employee contributions and take the 50%. Now participant would like to elect 75% and withdraw ee contributions. Would there be an issue with this?

[david rigby]

Could be. Depends on your plan amendment.

But (likely) the plan amendment is not done, so it depends on what the sponsor wants to do. On a non-discrminatory basis of course.