Yes, and as a result, the act would apply to such activities as the execution of a prototype plan adoption agreement by an employer, the execution of an IRA application by an individual, and the waiver of a qualified joint and survivor annuity by a plan participant's spouse and the designation of any beneficiary in connection with any retirement, pension, or deferred compensation plan, IRA, qualified State tuition program, insurance or annuity contract, or agreement to transfer ownership upon the death of a party to a transaction.
Ralph Lee Abraham: “Yes, and as a result, the act would apply to such activities as the execution of a prototype plan adoption agreement by…”
Editor's note · Context
Discussing the implications of a legislative act on retirement and pension plans.
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