Mississippi Administrative Code
Title 27 - Personnel
Part 220 - PERS, Deferred Compensation Plan And Trust
Article XVII - MISCELLANEOUS
Section 27-220-XVII-17.7 - DELAY OF BENEFIT PAYMENTS
Universal Citation: MS Code of Rules 27-220-XVII-17.7
Current through December 10, 2024
The Third Party Administrator may delay payment of a distribution to a Participant or Beneficiary for any of the following reasons:
a. if a dispute arises as to the proper payee;
b. if the paperwork is not in good order to enable it to be processed by the Third Party Administrator;
c. if notice of legal proceeding involving the Participant's Account has been received and restricts payments from such Account; or
d. for any other lawful purpose.
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