BenefitsLink Message Boards > AFTAP Percentage Drops Below 80% Before Terminee is Paid Lump Sum

Full Version: AFTAP Percentage Drops Below 80% Before Terminee is Paid Lump Sum

BenefitsLink Message Boards > Retirement Plans > Defined Benefit Plans, Including Cash Balance

PaulL

Dec 1 2008, 04:28 PM

A participant terminates while plan AFTAP is deemed over 80%. By the time he returns the paperwork showing a lump sum election, the AFTAP has been certified to be between 60% and 80%. Is this lump sum distribution limited to 50%?

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