Example: bankruptcy
Alternate Benet Program (ABP)

Alternate Benet Program (ABP)

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his/her account in a lump-sum distribution, or as a fixed term or life annuity. There is no minimum retire-ment age under the ABP; however, lump-sum cash distributions to members under the age of 55 are limited to the member’s contributions and earnings. The remaining employer contributions and earnings are only available after age 55.

  Account, Fixed

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