Can the plan Participant and Alternate Payee choose different ways to receive payment?
Posted on Oct 11, 2020 11:50am PDT
Kelly from Alexandria, VA asks, "Can the plan Participant and Alternate Payee choose different ways
to receive payment?"
Pension Evaluators & QDROS Of Troyan, Inc Associates Group answers, "Yes. If the retirement plan allows different forms of retirement
benefits, like a lump sum or monthly payments, the Participant can choose
one method of payment and the Alternate Payee can choose another method."
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