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788 (1997) (TRA '97). The text in the short-term regulations served for a portion of the textual content of the proposed restrictions. Very few opinions ended up submitted around the proposed restrictions; no Listening to was asked for or held. Immediately after consideration on the opinions, these remaining laws undertake the provisions in the proposed rules. Rationalization of Provisions
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An additional commentator objected to the entire elimination of your lookback rule under the proposed polices. The commentator cited 3 causes for its opposition: very first, that an volume distributed in the hardship or other sort of distribution continues to be Element of a participant's reward; next, that a participant could manipulate a distribution in an effort to evade the spousal-consent needs; and, third, that allowing cash-outs following a hardship or other distribution is Opposite on the policy of discouraging non-retirement distributions.
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