luissaha Posted August 11, 2016 Posted August 11, 2016 Is anyone aware of an outright prohibition on multiemployer defined benefit plans offering a lump sum buyout to vested terminated participants? I know there are restrictions on plans in critical or endangered status paying lump sums, but I have a green zone plan that wants to look at this possibility. Any help would be appreciated.
Effen Posted August 15, 2016 Posted August 15, 2016 I know of many multiemployer plans that pay lump sums. I can't think of anything that would prohibit a window,assuming the plan was green. 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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