If I retire after September 1, 2010 and elect the 30 percent lump sum distribution, can I get the remaining 30 percent when benefit restrictions are lifted?
You have a one-time opportunity to elect a partial lump sum distribution, which is at the time you elect to begin retirement benefit payments. If at the time you begin retirement benefit payments, the maximum lump sum distribution available is 30 percent, you will not be able to take another 30 percent at the time that benefit restrictions are lifted.
Related Questions
- If I retire after September 1, 2010 and elect the 30 percent lump sum distribution, can I get the remaining 30 percent when benefit restrictions are lifted?
- If I retire after September 1, 2009 and elect the 30 percent lump sum distribution, can I get the remaining 30 percent when benefit restrictions are lifted?
- I have a terminated employee that wants a partial lump sum distribution and the remaining rolled into his spouses plan. Is that allowed?
