Q. If the plan requires a 12-month advance notice of any “method of payment” change (i.e., from installments to lump sum), would a lump sum transfer from a top hat plan to another nongovernmental 457(b) need to wait 12 months?
A. Yes.
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Q. If the plan requires a 12-month advance notice of any “method of payment” change (i.e., from installments to lump sum), would a lump sum transfer from a top hat plan to another nongovernmental 457(b) need to wait 12 months?
A. Yes.
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