jim williams
Jun 16 2005, 12:58 PM
Can a defined benefit plan be designed or amended to permit only lump sum distributions in the event of a plan termination even for former employees currently receiving annuity payments?
pax
Jun 16 2005, 01:36 PM
It would seem not, at least with respect to accrued benefits. To do so would likely violate one or more existing plan provisions, not to mention 411(d)(6) concerns.