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Brown Cafe UPS Forum
UPS Retirement Topics
Pension Protection Act
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<blockquote data-quote="my2cents" data-source="post: 54353"><p>Sawman, </p><p> </p><p>Lump sum distributions will only be prohibited in red zone plans which are in reorganization. If a plan is in the yellow zone, there may be restrictions on how lump sums are handled, although its not clear to me how this would work. Plans above 80% can still pay lump sums in H.R. 2830. If you are interested in reading interesting testimony on this subject, read the actuary from Milliman's statements. </p><p> </p><p>Wkmac, </p><p> </p><p>I created my own spreadsheet which tells me the dollar value of UPS contributions made on my behalf over my entire employment history. At least in my case anyway, I'm fully aware of the total cash value of company contributions over the years.</p></blockquote><p></p>
[QUOTE="my2cents, post: 54353"] Sawman, Lump sum distributions will only be prohibited in red zone plans which are in reorganization. If a plan is in the yellow zone, there may be restrictions on how lump sums are handled, although its not clear to me how this would work. Plans above 80% can still pay lump sums in H.R. 2830. If you are interested in reading interesting testimony on this subject, read the actuary from Milliman's statements. Wkmac, I created my own spreadsheet which tells me the dollar value of UPS contributions made on my behalf over my entire employment history. At least in my case anyway, I'm fully aware of the total cash value of company contributions over the years. [/QUOTE]
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