ST Alpha - "Defined benefit plan? Its probably going to depend on the terms of the plan and also the terms of the spinoff agreement for your company -- nm" (Reading a Post)

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In response to "Everything I'm getting and reading suggests I can take a lump sum (if I pay taxes +10%)" by ty97

Defined benefit plan? Its probably going to depend on the terms of the plan and also the terms of the spinoff agreement for your company -- nm

Posted by decline (aka Decline) Aug 19 '21, 14:34

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I mean they froze this thing 15-18 years ago and it's only grown at interest rate since then so it's meager - ty97 Aug 19, 14:43 2
- I had that (profit sharing deposits into a mutual fund) and because the plan was closed there's no 10% penalty, just taxable if not rolled. -- nm* - Max Aug 19, 15:19
- Best bet is to just call HR and ask - decline Aug 19, 14:50

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