oldman Posted April 29, 2010 Share Posted April 29, 2010 Are governmental money purchase plans required to offer annuities as a form of distribution? Link to comment Share on other sites More sharing options...
Guest jedens Posted April 29, 2010 Share Posted April 29, 2010 We have had a money purchase pension plan since 1999 and annuities are not a requirement. Annuities are required by ERISA and since we are a governmental plan, that does not apply to us. Jim Link to comment Share on other sites More sharing options...
david rigby Posted April 29, 2010 Share Posted April 29, 2010 Depends on the terms of the plan and state/local statute(s). 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. Link to comment Share on other sites More sharing options...
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