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We have an employer with a 457(b) plan that currently has a distribution option of "life certain."  They want to get rid of this option and instead offer 10 year certain and 20 year certain.  Is this allowed?

They also want to freeze their 457(b) plan and allow participants to roll over ALL their money to a new 457(b) plan (there is no option to move just some but not all money).  Is this allowed?

Thank you in advance!

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