AlbanyConsultant Posted August 4, 2015 Posted August 4, 2015 Hi. This was a paired MP/PS plan that we merged in 2010. A participant who is 53 (with 15 YOP) wants to take an in-service distribution of their money purchase money. The plan document and SPD say that for sources that are not subject to the age 59.5 restriction, isw's are available on the earlier of age 59.5 or 10 YOP. Is "no isw before NRA" something that had to be preserved from the MP plan? Thanks.
Bird Posted August 4, 2015 Posted August 4, 2015 yes. MP money retains its character in a merger. Ed Snyder
AlbanyConsultant Posted August 6, 2015 Author Posted August 6, 2015 That's what I thought I remembered. Thanks.
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