Legal Question in Employment Law in Illinois
Is it legal to deny lump sum payout of a retirement annuity?
Asked on 6/12/11, 12:54 pm
1 Answer from Attorneys
Yes if that's the program. Lump sum distributions normally require net present value which is less, and the issue would be the discount rate, which may not be part of the program. You need to have the program reviewed if you don't understand it.
Answered on 6/12/11, 9:21 pm