Dougsbpc Posted January 18, 2010 Posted January 18, 2010 An NHCE is beyond NRA of 62 but under age 70 1/2. He will continue to work indefinitely. He requests a lump sum distribution of his entire accrued benefit now. Plan document allows for distribution after attaining NRA. Is his PVAB based on the greater benefit resulting from application of 417(e) and plan AE assumptions, or is he limited to PVAB based on AE assumptions now?
Andy the Actuary Posted January 18, 2010 Posted January 18, 2010 Treat him as if he were a terminated employee and follow the plan document, 415, and 401(a)(4) [high 25] The material provided and the opinions expressed in this post are for general informational purposes only and should not be used or relied upon as the basis for any action or inaction. You should obtain appropriate tax, legal, or other professional advice.
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