Guest BruceC Posted March 16, 2009 Posted March 16, 2009 If QRP's are protected from creditors, what happens to plan distributions? For example, most know that O.J. Simpsons NFL Pension is protected from the damage awards from the civil suit brought by the Brown and Goldman families. But it also seems that plan distributions are also protected. Does this level of QRP distribution protection vary soley by state or is there a Federal statute? Are all distributions, even a lump sum distribution, equally protected or is it limited to dollar amounts or a percentage of the plan? And if distributions are protected, would they remain protected indefinitely? And what about earnings on the distributions? I Googled for this and could not find a complete answer. Thanks BruceM
Guest Sieve Posted March 17, 2009 Posted March 17, 2009 Once a distribution is made, the ERISA protection against assignment and alienation disappears, and the personal assets are subject to attachment as personal assets under state law.
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