Minimum Amounts to be Distributed. If the Participant's entire interest is to be distributed in other than a single sum, the following minimum distribution rules shall apply on or after the Required Beginning Date:
Minimum Amounts to be Distributed. The minimum amount distributed to the Employee for each taxable year, beginning no later than the Required Beginning Date under subsection (a) above, must equal or exceed the minimum distribution required under Sections 401(a)(9) and 403(b)(10) of the Code and must meet the incidental death benefit requirement of the regulations under Section 401(a)(9).
Minimum Amounts to be Distributed. If your interest is to be distributed in other than a lump sum or substantially equal amounts as discussed above, then the amount to be distributed each year, commencing at your required beginning date, must be at least an amount equal to the quotient obtained by dividing your entire interest by your life expectancy or the joint and survivor expectancy of you and your designated Beneficiary. Life expectancy and joint and last survivor expectancy are computed by use of the return multiples contained in section 1.72-9 of the Income Tax Regulations. For purposes of this computation, the owner's life expectancy may be recalculated no more frequently than annually; however, the life expectancy of a non-spouse Beneficiary may not be recalculated. If your designated Beneficiary is not your spouse, then the minimum amount required to be distributed shall be the greater of the amount determined above, or the amount determined under the incidental benefit rules set forth in Treasury Regulation Section 1.401(a)(9)-2.
Minimum Amounts to be Distributed. If the Participant's retirement allowance is to be distributed in other than a lump-sum, the amount to be distributed each year must not be less than the quotient obtained by dividing the Participant's entire interest by the life expectancy of the Participant or by the joint and last survivor life expectancy of the Participant and the designated beneficiary. Life expectancy and joint and last survivor life expectancy shall be computed by the use of the return multiples contained in Tables V and VI of section 1.72-9 of the Income Tax Regulations as amended from time to time. For purposes of this computation, the life expectancy of a Participant and his spouse may be recalculated no more frequently than annually. The life expectancy of a nonspouse beneficiary may not be recalculated. If the Participant's spouse is not the beneficiary, the method of distribution must satisfy the incidental death benefit requirements specified in section 401(a)(9)(G) of the Code and Treasury Regulation section 1.401(a)(9)-2.
Minimum Amounts to be Distributed. If the Annuitant's entire interest is to be distributed in other than a lump sum, then the amount to be distributed each year (commencing with the required beginning date and each year thereafter) must be at least equal to the quotient obtained by dividing the Annuitants benefit by the applicable life expectancy. For calendar years beginning after December 31, 1988, the amount to be distributed each year, beginning with the first calendar year for which distributions are required and then for each succeeding calendar year, shall not be less than the quotient obtained by dividing the Annuitant's benefit by the lesser of (1) the applicable life expectancy or (2) if the Annuitant's spouse is not the designated beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of section 1.401(a)(9)-2 of the Proposed Income Tax Regulations. Distributions after the death of the Annuitant shall be distributed using the applicable life expectancy as the relevant divisor without regard to proposed regulations section 1.401(a)(9)-2. Life expectancy is computed by use of the expected return multiples in Tables V and VI of section 1.72-9 of the Income Tax Regulations. Unless otherwise elected by the participant by the time distributions are required to begin, life expectancies shall be recalculated annually. Such election shall be irrevocable as to the participant and shall apply to all subsequent years. The life expectancy of a non-spouse beneficiary may not be recalculated. Instead, life expectancy will be calculated using the attained age of such beneficiary during the calendar year in which distributions are required to begin pursuant to this section, and payments for subsequent years shall be calculated based on such life expectancy reduced by one for each calendar year which has elapsed since the calendar year life expectancy was first calculated. Distributions under this annuity contract shall be made in accordance with the requirements of section 401(a)(9) of the Code and the Regulations thereunder. For purposes of this requirement, any amount paid to a child of the Annuitant will be a treated as if it had been paid to the surviving spouse if the remainder of the interest becomes payable to the surviving spouse when the child reaches the age of majority.
Minimum Amounts to be Distributed. If the Participant's entire interest is to be distributed in other than a lump-sum, then the amount to be distributed each year must be at least an amount equal to the quotient obtained by dividing the Participant's entire interest by the life expectancy of the Participant or joint and last survivor expectancy of the participant and designated Beneficiary. Life expectancy and joint and last survivor expectancy are computed by the use of the return multiples contained in Section 1.72-9 of the Income Tax Regulations. For purposes of this computation, a Participant's life expectancy may be recalculated no more frequently than annually, however, the life expectancy of a nonspouse Beneficiary may not be recalculated. If the participant's spouse is not the designated Beneficiary, the method of distribution selected must assure that at least 50 percent of the present value of the amount available for distribution is paid within the life expectancy of the Participant.
