What are the overall limits associated with pension loans?
A)50% of the borrower's vested account balance or $50,000,whichever is less.
B)50% of the borrower's vested account balance or $100,000,whichever is less.
C)75% of the borrower's vested account balance or $50,000,whichever is less.
D)75% of the borrower's vested account balance or $50,000,whichever is less
E)None of the above.

Question

Quizplus · Accepted Answer

The overall limits for pension loans are generally set at 50% of the borrower's vested account balance or $50,000, whichever is less. This is a standard guideline followed by many pension plans to ensure that loans do not deplete retirement savings excessively.

What Are the Overall Limits Associated with Pension Loans