Hawaii’s Beneficiary Status Sample Clauses

Hawaii’s Beneficiary Status. On January 29, 2018, the Trustee filed a Notice of Beneficiary Designation with the Court officially designating Hawaii as a Beneficiary of the State Trust. As a designated Beneficiary of the Trust, Hawaii’s initial allocation is $8,125,000 for the 2.0L and 3.0L vehicles, as determined 5 The VW emissions control problem was identified and flagged by researchers at West Virginia University who were funded by the International Council on Clean Transportation. The researchers conducted on-road testing of VW models equipped with 2.0 liter turbocharged 4-cylinder diesel engine in May 2014. The testing revealed that average emissions in on-road testing exceeded federal NOx limits between 9 and 38 times the U.S. limit depending on driving conditions which is roughly equivalent to real-world emissions from a modern tractor-trailer truck. 6 US EPA. Nitrogen Dioxide (NO2) Pollution. xxxxx://xxx.xxx.xxx/no2-pollution 7 A separate Indian Tribe Mitigation Trust was also established for federally-recognized Indian Tribe Beneficiaries eligible to receive part of the overall $2.925B Trust allocation. 8 Environmental Mitigation Trust Agreement for State Beneficiaries. xxxxx://xxx.xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx.xxx/sites/default/files/2018-05/Final%20Filed%20Dkt%2051- 1%20%20State%20Beneficiary%20Trust%20Agreement_0.pdf by the number of affected model year 2009-2016 VW vehicles registered in Hawaii9. Figure 1: Map of Estimated Percentage of Hawaii’s Subject Volkswagen Vehicle Populations by Island In November 2017 State of Hawaii Governor Xxxxx Xxx designated DBEDT to serve as the State’s Lead Agency for purposes of overseeing and administering the State’s Trust allocation. HSEO, a division of DBEDT, is the primary agency charged with the determining the expenditure of Hawaii’s Trust fund allocation. HSEO has steadily increased experience, cultivated expertise, and exercised leadership in supporting clean transportation implementation across Hawaii. This includes the adoption of electric vehicles10 (EV) and associated charging infrastructure which directly contribute to reducing petroleum consumption and emissions in the transportation sector. In 2015, DBEDT
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Related to Hawaii’s Beneficiary Status

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Traditional Individual Retirement Custodial Account The following constitutes an agreement establishing an Individual Retirement Account (under Section 408(a) of the Internal Revenue Code) between the depositor and the Custodian.

  • Multiple Individual Retirement Accounts In the event the depositor maintains more than one Individual Retirement Account (as defined in Section 408(a)) and elects to satisfy his or her minimum distribution requirements described in Article IV above by making a distribution from another individual retirement account in accordance with Item 6 thereof, the depositor shall be deemed to have elected to calculate the amount of his or her minimum distribution under this custodial account in the same manner as under the Individual Retirement Account from which the distribution is made.

  • Designated Beneficiary The individual who is designated as the Beneficiary under the Plan and is the designated beneficiary under Section 401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury regulations.

  • How do the RMD Rules Impact my Designated Beneficiary or Beneficiaries The RMD rules provide for the determination of your designated beneficiary or beneficiaries as of September 30 of the year following your death. Consequently, any beneficiary may be eliminated for purposes of calculating the RMD by the distribution of that beneficiary’s benefit, through a valid disclaimer between your death and the end of September following the year of your death, or by dividing your IRA account into separate accounts for each of several designated beneficiaries you may have designated.

  • Xxxx Individual Retirement Custodial Account The following constitutes an agreement establishing a Xxxx XXX (under Section 408A of the Internal Revenue Code) between the depositor and the Custodian.

  • SIMPLE IRA-to-Traditional IRA Rollovers Assets distributed from your SIMPLE IRA may be rolled over to your Traditional IRA without IRS penalty tax provided two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer. As with Traditional IRA to Traditional IRA rollovers, the requirements of IRC Sec. 408(d)(3) must be met. A proper SIMPLE IRA to Traditional IRA rollover is completed if all or part of the distribution is rolled over not later than 60 days after the distribution is received. You are permitted to roll over only one distribution from an IRA (Traditional, Xxxx, or SIMPLE) in a 12-month period, regardless of the number of IRAs you own. A distribution may be rolled over to the same IRA or to another IRA that is eligible to receive the rollover. For more information on rollover limitations, you may wish to obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • What Forms of Distribution Are Available from a Xxxxxxxxx Education Savings Account Distributions may be made as a lump sum of the entire account, or distributions of a portion of the account may be made as requested.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

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