Guest bobolink Posted May 14, 2010 Posted May 14, 2010 I have a plan that provides for QPSA, small amount cash-outs, QJSA and life annuity only. It seems I must add an Optional Joint and Survivor Annuity (which I did in the PPA amendment). Now, revisiting the doc for a cycle E filing I think I need to add notice language and spousal consent. Any way around this? Thanks.
david rigby Posted May 14, 2010 Posted May 14, 2010 I think I need to add notice language and spousal consent. Not already in the plan? 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.
Guest bobolink Posted May 14, 2010 Posted May 14, 2010 No, because if you're married you get the J&50SA and if you're single you get the life annuity. Before the OJSA there was nothing to opt to.
Trekker Posted May 17, 2010 Posted May 17, 2010 It's my understanding that spousal consent is not required to change from a 50% QJSA to the QOSA, since it, too, is a "qualified" survivor annuity.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now