Defined Contribution Pension Plan (Money Purchase Pension Plan)

[Nassau]

Can a plan administrator who has a money purchase pension plan subject to QJSA as the normal form of distribution eliminate an optional form of distribution from the plan (i.e., installments). Meaning, if a non-married participant opts out of the annuity as the normal form of distribution, the only two options are lump sum and installments. Can the plan administrator eliminate installments from the plan as an optional form of distribution. Therefore only leaving a non-married participant that opts out of the annuity to only take a lumpsum. Does this violate the anti-cutback rules to eliminate installments?

[ETA Consulting LLC]

I don't think it does, so you should be fine. The only thing you cannot do is eliminate the QJSA in a 'pension plan' that requires it. I think it was back in 2003 when you were able to begin eliminating some of these options.

Good Luck!

[Kevin C]

If you follow the rules, you can eliminate installments from a DC plan. The cite is in your duplicate thread.

http://benefitslink.com/boards/index.php?/topic/55322-defined-contribution-pension-planmoney-purchase-pension-plan/