Distribution of Death Benefit. Notwithstanding any other provision of the Plan, after receipt by the Committee of due notice of the death of the Participant, any benefit payable under this Article shall be paid in accordance with Article IX.
Distribution of Death Benefit. 39 7.4 Payment on Beneficiary's Death . . . . . . . . . . . . . . . . . . . 39 7.5 Post-Retirement Death Benefit. . . . . . . . . . . . . . . . . . . . 39
Distribution of Death Benefit. Generally, if the Plan beneficiary is the Participant's surviving spouse, distribution of the death benefit must begin no later than the year the Participant would have attained age 70 1/2 or any other date allowed under federal law or regulations. If the Plan beneficiary is not the Participant's surviving spouse, generally, the death benefit must be used to purchase Annuity payments within one year of the year of the Participant's death or otherwise paid within five years of the year of the Participant's death. Annuity payments to a Plan beneficiary may not extend beyond the period specified in the Code.
Distribution of Death Benefit. Part II.
Distribution of Death Benefit. 16 Page Part II. Annuity Phase 00
Distribution of Death Benefit and replace it with the following: If the Participant dies before distributions begin in accordance with the provisions of Code Section 401(a) (9), the entire value of the Individual Account must be distributed by December 31 of the calendar year containing the fifth anniversary of the date of the Participant's death. Alternatively, if the Participant has a designated beneficiary, payments may be made over the life of the beneficiary or over a period not extending beyond the life expectancy of the beneficiary provided distribution to a non-spouse beneficiary begins by December 31 of the calendar year following the calendar year of the Participant's death. If the beneficiary is the Participant's spouse, the distribution is not required to begin earlier than December 31 of the calendar year in which the Participant would have attained age 70 1/2, or such later date as may be allowed under Federal law or regulations. If the Participant dies after distributions begin in accordance with the provisions of Code Section 401(a)(9), payments to the beneficiary must be made at least as rapidly as the method of distribution in effect at the time of the Participant's death or such other method of distribution as may be allowed under Federal law or regulations. If no beneficiary exists, the payment will be made to the Participant's estate. Endorsed and made part of the Contract and the Certificate, if applicable, on the Effective Date of the Contract and Certificate, and upon approval. You may call the following toll-free number with inquiries, to obtain information regarding coverage, or receive assistance in resolving complaints: 0-000-000-0000. /s/Xxxxx X. Xxxxxxxxx President Voya Retirement Insurance and Annuity Company E -MMGDBP(FL)-10 2 Voya Retirement Insurance and Annuity Company ENDORSEMENT The Contract and the Certificate, if any, is endorsed as follows: The first paragraph of Section 1.16, Maintenance Fee is deleted and replaced with the following: We may deduct a maintenance fee during the Accumulation Phase on a quarterly basis. We reserve the right to change the frequency of the maintenance fee deductions. The total amount of the maintenance fee per year, if any, for this Contract will never be more than the amount shown on Contract Schedule I under Maintenance Fee. The fee, if any, is deducted proportionately from each Investment Option under the Contract in which an Individual Account is invested at the time the fee is deducted. Endorsed and made part of...
Distribution of Death Benefit. Generally, if the Plan beneficiary is the Participant's surviving spouse, distribution of the death benefit must begin no later than the year the Participant would have attained age 70 1/2 or any other date allowed under federal law or regulations. If the surviving spouse dies before the distribution to such spouse begins, then the surviving spouse will be treated as if he/she were the Participant. If the Plan beneficiary is not the Participant's surviving spouse, generally, the death benefit must be used to purchase Annuity payments within one year of the year of the Participant's death or otherwise paid within five years of the year of the Participant's death. Annuity payments to a Plan beneficiary may not extend beyond the period specified in the Code. G-CDA(12/99)(TX-GE) 16
Distribution of Death Benefit. If the owner eligible to receive the death benefit is not a natural person, then the owner must receive the death benefit in a lump sum within five years. Otherwise, within 60 days of the date when the death benefit is calculated, the owner may elect to receive the death benefit under an income plan or in a lump sum. Payments from the income plan must begin within one year of the date of death and must be payable throughout: - the life of the owner; or - a period not to exceed the life expectancy of the owner; or - the life of the owner with payments guaranteed for a period not to exceed the life expectancy of the owner. Any death benefit payable in a lump sum must be paid within five years of the date of death. If no election is made, funds will be distributed at the end of the five year period. If the surviving spouse of the deceased owner is the new owner, then the spouse may elect one of the options listed above or may continue the Contract as if the death had not occurred. If the Contract is continued as if the death had not occurred, the surviving spouse may make a single withdrawal of any amount within one year of the date of death without incurring a Withdrawal Charge. However, a Market Value Adjustment, determined as of the date of the withdrawal, will apply. The single withdrawal amount is in addition to the annual Free Withdrawal Amount. If the Contract is continued and there is no annuitant, the new annuitant will be the surviving spouse. -------------------------------------------------------------------------------- INCOME PAYMENT OPTIONS --------------------------------------------------------------------------------
Distribution of Death Benefit. 32 8.8 Beneficiary Designation; Spousal Consent Rights.........................................33 8.9 Minimum Required Distributions; Incorporation of Regulations............................33 8.10 Direct Rollover.........................................................................34
Distribution of Death Benefit. If a Participant dies before receiving his or her entire benefit, such Participant's Beneficiary shall be entitled to receive such benefit (or the undistributed portion thereof) after filing the prescribed claim form with the Employer. Subject to the provisions of Sections 8.5 and 8.9, the Beneficiary's distribution shall be made as follows:
