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I was a salaried employee and a participant in the BNI Plan as of Dec. 31, 1988; how does this affect my ability to take a lump sum pension benefit?

April 26, 2017ability affect bni employee lump participant Plan Salaried

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I was a salaried employee and a participant in the BNI Plan as of Dec. 31, 1988; how does this affect my ability to take a lump sum pension benefit?

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If you were a participant in the BNI Pension Plan on Dec. 31, 1988, and if you terminate employment with all participating companies before you are eligible for an early retirement benefit, you may elect to receive your entire plan benefit in a lump sum, regardless of whether the present value of your benefit is not more than $25,000.