23 Miss. Code. R. 102-6.28 - Other Issues Related to Utilization Provision
A. A
client may be eligible for more than one type of benefit. All potential sources
of benefits must be identified.
B.
The election of a lower benefit when the individual has an option between a
high and low benefit will result in denial or loss of eligibility.
C. When a client has a choice regarding
payment as a lump sum or an annuity, the annuity must be selected.
1. A one (1) time total withdrawal of pension
plan funds in this situation does not comply with the statutory requirements
that mandate application for the annuity or pension, i.e., money payment at
some regular interval.
2. Recommend
conversion of lump-sum applications in appropriate situations to focus on
maximizing the use of the other benefits to provide ongoing support.
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