Jump to content

Incorrect SSA Potential Private Retirement Benefit Information Letters?


Recommended Posts

Has anyone else received calls from clients stating their former employees have received SSA Potential Private Retirement Benefit Information Letters when they took full distributions years ago?  In the last week, we've received calls from several and in every case the participants were reported with a code D on a form 8955-SSA at some point in the past. The oldest one was from 1994! 

Anyone aware of any issues at the DOL that might have resulted in this, or aware of something that has been released about this that I might have missed?

Thanks!

Link to comment
Share on other sites

If a “MAY” letter results in someone submitting a claim, consider following carefully ERISA § 503 and the plan’s claims procedure, including notices about time limits to seek a review and a time bar on a challenge in court or arbitration.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Link to comment
Share on other sites

On 6/8/2023 at 11:15 AM, Belgarath said:

No, not yet. What do these letters say? Would it be possible to post a fully redacted copy of one such letter?

This is my impression.   Before you filed these electronically their input on the part of the government was hit and miss.  

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...