Summary of Pension Protection Act of 2006

Exception to phase-in for certain age 55 Participants. The 3-year phase-in rule of Section 6.2.a does not apply to a Participant who has attained age 55 and who has completed at least 3 years of service before the first Plan Year beginning after December 31, 2005. ... the beneficiary may elect to use either the 5-year rule or the life ... ................
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