I have a DB plan that terminated and distributed all assets by the end of 2001. Three people elected annuities, 2 will be getting monthly payments immediately and the 3rd will be deferred until age 65. Do I need to provide them with a 1099-R and put the value of the annuity contract in Box 8 or is this for another purpose?

Thanks to anyone for their help.

Sue

Do the instructions to the Form 1099-R provide any guidance?

A 1099 is only required if a payment is made. The annutiy company will provide 1099's for any payments it makes. If the plan did not make any distributions of cash to the participants, or to an IRA for the participants, then there is nothing to report.

Kirk, the instructions are no help. Ray, that was the response I was hoping for.

Thanks for your help.

Sue