Notice Requirements For Qualified Joint And Survivor Annuity Sample Clauses

Notice Requirements For Qualified Joint And Survivor Annuity. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than 30 days and no more than 90 days prior to the Annuity Starting date, provide each Participant a written explanation of: (a) the terms and conditions of a Qualified Joint and Survivor Annuity; (b) the Participant's right to make and the effect of an election to waive the qualified Joint and Survivor Annuity form of benefit; (c) the rights of a Participant's Spouse; and (d) the right to make, and the effect of, a revocation of a previous election to waive the Qualified Joint and Survivor Annuity.
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Notice Requirements For Qualified Joint And Survivor Annuity. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than thirty (30) days and no more than ninety (90) days prior to the Annuity Starting Date, provide each Participant a written explanation of:
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Notice Requirements For Qualified Joint And Survivor Annuity. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than thirty (30) days and no more than ninety (90) days prior to the Annuity Starting Date, provide each Participant a written explanation of: (a) the terms and conditions of a Qualified Joint and Survivor Annuity, (b) the Participant’s right to make and the effect of an election to waive the Qualified Joint and Survivor Annuity form of benefit, (c) the rights of a Participant’s Spouse, and (d) the right to make and the effect of a revocation of a previous election to waive the Qualified Joint and Survivor Annuity. The Annuity Starting Date may be less than thirty (30) days after and may be before receipt of the written explanation described in the preceding paragraph provided that: (e) the Plan Administrator clearly informs the Participant and the Participant’s Spouse that they have a right to a period of at least thirty (30) days after receiving the notice to consider the decision of whether to waive the Qualified Joint and Survivor Annuity and elect (with spousal consent) a form of distribution other than a Qualified Joint and Survivor Annuity; and (f) the Participant is permitted to revoke any affirmative distribution election at least until the Annuity Starting Date or, if later, at any time prior to the expiration to the seven (7) day period that begins the day after the explanation of the Qualified Joint and Survivor Annuity is provided to the Participant.
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Notice Requirements For Qualified Joint And Survivor Annuity. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than thirty (30) days and no more than ninety (90) days prior to the Annuity Starting Date, provide each Participant a written explanation of: the terms and conditions of a Qualified Joint and Survivor Annuity, the Participant’s right to make and the effect of an election to waive the Qualified Joint and Survivor Annuity form of benefit, the rights of a Participant’s Spouse, and the right to make and the effect of a revocation of a previous election to waive the Qualified Joint and Survivor Annuity. The Annuity Starting Date may be less than thirty (30) days after and may be before receipt of the written explanation described in the preceding paragraph provided that: the Plan Administrator clearly informs the Participant and the Participant’s Spouse that they have a right to a period of at least thirty (30) days after receiving the notice to consider the decision of whether to waive the Qualified Joint and Survivor Annuity and elect (with spousal consent) a form of distribution other than a Qualified Joint and Survivor Annuity; and the Participant is permitted to revoke any affirmative distribution election at least until the Annuity Starting Date or, if later, at any time prior to the expiration to the seven (7) day period that begins the day after the explanation of the Qualified Joint and Survivor Annuity is provided to the Participant.
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Notice Requirements For Qualified Joint And Survivor Annuity. The Plan Administrator will notify the Participant when a benefit under the Plan is due. Such notification shall include a general description indicating the investment options available under the Plan (including fees) that will available if distributions are deferred and the portion of the summary plan description that contains any special rules that might materially affect a Participant’s decision to defer. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than thirty (30) days and no more than 180 days [ninety (90) days for notices given in Plan Years beginning before January 1, 2007] prior to the Annuity Starting Date, provide each Participant a written explanation of: (a) the terms and conditions of a Qualified Joint and Survivor Annuity and the Qualified Optional Survivor Annuity, (b) the Participant’s right to make and the effect of an election to waive the Qualified Joint and Survivor Annuity form of benefit, (c) the rights of a Participant’s Spouse, and (d) the right to make and the effect of a revocation of a previous election to waive the Qualified Joint and Survivor Annuity. The written explanation shall comply with the requirements of Regulations Section 1.417(a)(3). The consent of the Participant and the Participant’s Spouse shall be obtained in writing within the 180-day period [ninety (90) day period for Plan Years beginning before January 1, 2007] ending on the Annuity Starting Date. The Annuity Starting Date is the first day of the first period for which an amount is paid as an annuity or any other form. The Plan Administrator shall notify the Participant and the Participant’s Spouse of the right to defer any distribution until the Participant’s Account Balance is no longer immediately distributable and, for Plan Years beginning after December 31, 2006, the consequences of failing to defer any distribution. Such notification shall include a general description of the material features, an explanation of the optional forms of benefit available under the Plan in a manner that would satisfy the notice requirements of Code Section 417(a)(3), and a description of the consequences of failing to defer a distribution, and shall be provided no less than thirty (30) days and no more than 180 days [ninety
Sample 1
Notice Requirements For Qualified Joint And Survivor Annuity. The Plan Administrator will notify the Participant when a benefit under the Plan is due. Such notification shall include a general description indicating the investment options available under the Plan (including fees) that will available if distributions are deferred and the portion of the summary plan description that contains any special rules that might materially affect a Participant’s decision to defer. In the case of a Qualified Joint and Survivor Annuity, the Plan Administrator shall, no less than thirty (30) days and no more than 180 days [ninety (90) days for notices given in Plan Years beginning before January 1, 2007] prior to the Annuity Starting Date, provide each Participant a written explanation of:
Sample 1
Notice Requirements For Qualified Joint And Survivor Annuity. The Plan Administrator shall provide each Participant a written explanation of: (a) the terms and conditions of a Qualified Joint and Survivor Annuity; (b) the Participant's right to make and the effect of an election to waive the Qualified Joint and Survivor Annuity form of benefit; (c) the rights of a Participant's Spouse; and (d) the right to make, and the effect of, a revocation of a previous election to waive the Qualified Joint and Survivor Annuity. Such notice shall be provided not less than 30 days and no more than 90 days prior to the Annuity Starting date.
Sample 1
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