carrots Posted June 16, 2010 Posted June 16, 2010 A 6 person plan has filed for a standard termination with the PBGC. The owner is going to waive benefits to the extent necessary. The owner does not want to wait 60 days before distributing benefits, but would like to do so immediately. While the PBGC Form 500 Schedule EA-S requires a proposed distribution date not earlier than the 61st day after filing the Form 500, is there any restriction on the earliest date that benefits can actually be distributed?
Andy the Actuary Posted June 16, 2010 Posted June 16, 2010 Recommend you ask the PBGC for their written permission. 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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