@Boyan what is the code in Box 7?
and please confirm this is what you are referring to as "the rule of 55"
the employee separates from service during or after the year the employee reaches age 55 (age 50 for public safety employees of a state, or political subdivision of a state, in a governmental defined benefit or defined contribution plan)
If the Administrator uses Code 2, then there is no 10% penalty. That is what is to be used for the "55 rule" stated above. If Milliman didn't use Code 2, then best go back and ask them "why". Overriding anything in TT invalidates the guarantee.
