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It's Official: Final Regs Eliminate the 'Lookback Rule' for Involuntary Cash-Out Distributions
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
July 19, 2000
Generally effective for distributions on or after October 17, 2000. Excerpt: The lookback rule [formerly prevented] plans from cashing out a benefit currently valued below the cash-out limit simply because it had been valued above the cash-out limit at the time of an earlier distribution. This [created] disparity in the treatment of benefits of equivalent value and [required] plans to incur additional recordkeeping and other administrative costs.

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