Message Boards Digest, as of September 11, 2026

Message Boards Digest

September 11, 2026

pixiebear created a topic in Defined Benefit Plans, Including Cash Balance

Terminating Plan: One Participant Cannot Obtain Spousal Consent

"We are terminating a PBGC covered plan and the distribution deadline is approaching. One participant cannot obtain spousal consent for the lump sum distribution because his wife refuses to sign the consent form so we will have to purchase an annuity. I've never needed to purchase an annuity for 1 person. The companies that we work with on annuity purchases have limits and he has a very small benefit. Any ideas?"

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