§4440.85. Involuntary Lump Sum Distributions

Latest version.

Involuntary lump sum distributions shall not be made except in the following situations:

a)         The distribution is made to a member who is at least normal retirement age under the plan.

b)         The distribution to be made to a member does not exceed $1000 (excluding rollover contributions).

c)         The distribution is made to a survivor or beneficiary of a member.

                    
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