REQUIRED MINIMUM DISTRIBUTION RULES. This Contract is subject to the "Required Minimum Distribution" rules of Sections 408(b) and 401(a)(9) of the Code and the Treasury Regulations which apply. Part A of this Section 4.05 describes the Required Minimum Distributions to be made during the Annuitant's lifetime. Part B of this Section 4.05 describes the Required Minimum Distributions to be made after the Annuitant's death, if the Annuitant dies before the entire interest under the Contract is distributed to the Annuitant. The Required Minimum Distribution Rules may be satisfied by either taking an annuity benefit or by taking withdrawals at least annually from or with respect to the Annuitant's entire interest under this Contract, all as subject to these rules. If the Annuitant chooses annual withdrawals, Required Minimum Distribution payments calculated for this Contract may be made from this Contract or from another traditional individual retirement arrangement that the Annuitant maintains, pursuant to Treasury Regulations. If the Annuitant does not affirmatively request payment, we assume that the Annuitant is satisfying the annual Required Minimum Distribution payments from another individual retirement arrangement. For purposes of both the "lifetime" Required Minimum Distribution rules and the Required Minimum Distribution rules after death, the following definitions and conditions apply: The "entire interest" of the Annuitant under the Contract for purposes of the Required Minimum Distribution Rules. The Annuitant's "entire interest" under the Contract includes the amount of any outstanding rollover, transfer and recharacterization under Q&As-7 and -8 of Treasury Regulation Section 1.408-8 or any successor Regulation and the actuarial value of any other benefits provided under the IRA, such as guaranteed death benefits, as well as the value of the Annuitant's Accounts (less applicable charges as determined by AXA Equitable).
REQUIRED MINIMUM DISTRIBUTION RULES. Notwithstanding anything to the contrary above, AXA Equitable reserves the right to pay the Annuitant's Cash Value to the Annuitant in a single sum: (1) if the Cash Value is equal to or less than $2,000; (2) if less than $20 per month would be payable under the Annuity Benefit; (3) if less than $50 per month would be payable under the periodic distribution option. AXA Equitable will provide appropriate notice and election forms to the Annuitant not more than six months or less than three months before the Annuitant's Retirement Date. AXA Equitable has the right to require the Annuitant to furnish pertinent facts and determinations before providing an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof.
REQUIRED MINIMUM DISTRIBUTION RULES. This Contract is subject to the “Required Minimum Distribution” rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply. To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail. Subsection A below describes the Required Minimum Distributions to be made during your lifetime. Subsection B below describes the Required Minimum Distributions to be made after your death, if you die before your entire interest in this Contract is distributed to you. The Required Minimum Distribution rules may be satisfied by either electing an Annuity Benefit or by taking withdrawals at least annually from or with respect to your entire interest in this Contract, all as subject to these rules. If you choose annual withdrawals, your annual Required Minimum Distribution payments calculated for this Contract may be made from this Contract or from another individual retirement arrangement that you maintain, pursuant to Treasury Regulation Section 1.408-8. If you do not take lifetime Required Minimum Distribution payments from this Contract, we will assume that you are taking them from another individual retirement arrangement that you maintain. For purposes of both the “lifetime” Required Minimum Distribution rules and the Required Minimum Distribution rules after death, the following definitions and conditions apply:
REQUIRED MINIMUM DISTRIBUTION RULES. This Contract is subject to the "Required Minimum Distribution" rules of Sections 457(b) and 401(a)(9) of the Code, including the Treasury Regulations which apply. To the extent that any payment, benefit, or distribution options available to you under this Contract conflict with the Code, the Code requirements prevail.
REQUIRED MINIMUM DISTRIBUTION RULES. Notwithstanding anything to the contrary above, Equitable reserves the right to pay the Annuitant's Cash Value to the Annuitant in a single sum: (1) if the Cash Value is equal to or less than $2,000; (2) if less than $20 per month would be payable under the Annuity Benefit; (3) if less than $50 per month would be payable under the periodic distribution option. Equitable will provide appropriate notice and election forms to the Annuitant not more than six months or less than three months before the Annuitant's Retirement Date. Equitable has the right to require the Annuitant to furnish pertinent facts and determinations before providing an Annuity Benefit, and will be fully protected in relying on such information and need not inquire as to the accuracy or completeness thereof.
REQUIRED MINIMUM DISTRIBUTION RULES. Notwithstanding any provision of the Plan to the contrary, payments to a Beneficiary shall be made in compliance with the requirements of Code sections 401(a)(9) and 457(d) and any applicable Treasury Regulations thereunder, including the minimum distribution incidental benefit rule in Code section 401(a)(9)(G). The foregoing requirements shall be interpreted based on a reasonable and good faith interpretation of Code section 401(a)(9).
