Compass
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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AimPoint Pension
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Regional Vice President of Sales The Retirement Plan Company
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IRS Bans Lump Sums to Already-Retired Pension Participants
October Three Consulting [Guidance Overview] July 24, 2015 "While the general thrust of the change in policy is clear, the Notice is relatively brief and leaves several questions un-answered. May lump sums be offered to retirees under age 70-1/2 (the 401(a)(9) 'required beginning date)? It looks like the answer to this question will be 'no.' May lump sums be offered to retirees in connection with a plan termination? It looks like the answer to this question will be 'yes.' But we will have to wait for the actual proposal of a regulation (at least) before we get definitive answers to these questions." |
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