Common use of Required Minimum Distributions After Member’s Death Clause in Contracts

Required Minimum Distributions After Member’s Death. (1) Death On or After Date Distributions Begin. (a) Member Survived by Designated Beneficiary. If the Member dies on or after the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Member’s death is the quotient obtained by dividing the Member’s account balance by the longer of the remaining life expectancy of the Member or the remaining life expectancy of the Member’s designated beneficiary, determined as follows: (1) The Member’s remaining life expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2) If the Member’s surviving spouse is the Member’s sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Member’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (3) If the Member’s surviving spouse is not the Member’s sole designated beneficiary, the designated beneficiary’s remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Member’s Death. (1a) Death On or After Date Distributions Begin. (a1) Member Survived by Designated Beneficiary. If the Member dies on or after the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Member’s death is the quotient obtained by dividing the Member’s account balance Account Balance by the longer of the remaining life expectancy Life Expectancy of the Member or the remaining life expectancy Life Expectancy of the Member’s designated beneficiaryDesignated Beneficiary, determined as follows: (1i) The Member’s remaining life expectancy Life Expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2ii) If the Member’s surviving spouse is the Member’s sole designated beneficiaryDesignated Beneficiary, the remaining life expectancy Life Expectancy of the surviving spouse is calculated for each distribution calendar year Distribution Calendar Year after the year of the Member’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years Distribution Calendar Years after the year of the surviving spouse’s death, the remaining life expectancy Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (3iii) If the Member’s surviving spouse is not the Member’s sole designated beneficiaryDesignated Beneficiary, the designated beneficiaryDesignated Beneficiary’s remaining life expectancy Life Expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Member’s Death. (a) The following rules apply in the event death occurs on or after the date distributions begin. (1) Death On or After Date Distributions Begin. (a) Member Survived by Designated Beneficiary. If the Member dies on or after the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Member’s death is the quotient obtained by dividing the Member’s account Account balance by the longer of the remaining life expectancy Life Expectancy of the Member or the remaining life expectancy Life Expectancy of the Member’s designated beneficiaryDesignated Beneficiary, determined as follows: (1A) The Member’s remaining life expectancy Life Expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2B) If the Member’s surviving spouse is the Member’s sole designated beneficiaryDesignated Beneficiary, the remaining life expectancy Life Expectancy of the surviving spouse is calculated for each distribution calendar year Distribution Calendar Year after the year of the Member’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years Distribution Calendar Years after the year of the surviving spouse’s death, the remaining life expectancy Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year.. Index (3C) If the Member’s surviving spouse is not the Member’s sole designated beneficiaryDesignated Beneficiary, the designated beneficiaryDesignated Beneficiary’s remaining life expectancy Life Expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Member’s Death. (1a) Death On or After Date Distributions Begin.: (ai) Member Survived by Designated Beneficiary. : If the Member dies on or after the date distributions begin and there is a designated beneficiaryDesignated Beneficiary, the minimum amount that will be distributed for each distribution calendar year Distribution Calendar Year after the year of the Member’s death is the quotient obtained by dividing the Member’s account balance Account Balance by the longer of the remaining life expectancy Life Expectancy of the Member or the remaining life expectancy Life Expectancy of the Member’s designated beneficiaryDesignated Beneficiary, determined as follows: (1A) The Member’s remaining life expectancy Life Expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2B) If the Member’s surviving spouse is the Member’s sole designated beneficiaryDesignated Beneficiary, the remaining life expectancy Life Expectancy of the surviving spouse is calculated for each distribution calendar year Distribution Calendar Year after the year of the Member’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years Distribution Calendar Years after the year of the surviving spouse’s death, the remaining life expectancy Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (3C) If the Member’s surviving spouse is not the Member’s sole designated beneficiaryDesignated Beneficiary, the designated beneficiaryDesignated Beneficiary’s remaining life expectancy Life Expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Member’s Death. (1) Death On or After Date Distributions Begin. (a) Member Survived by Designated Beneficiary. If the Member dies on or after the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Member’s death is the quotient obtained by dividing the Member’s account balance by the longer of the remaining life expectancy of the Member or the remaining life expectancy of the Member’s designated beneficiary, determined as follows: (1) The Member’s remaining life expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2) If the Member’s surviving spouse is the Member’s sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Member’s death using the surviving spouse’s age as of the spouse’s spouse‘s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. (3) If the Member’s surviving spouse is not the Member’s sole designated beneficiary, the designated beneficiary’s remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s death, reduced by one for each subsequent year.

Required Minimum Distributions After Member’s Death. (1) Death On or After Date Distributions Begin. (a) Member Survived by Designated Beneficiary. If the Member dies on or after the date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Member’s 's death is the quotient obtained by dividing the Member’s 's account balance by the longer of the remaining life expectancy of the Member or the remaining life expectancy of the Member’s 's designated beneficiary, determined as follows: (1) The Member’s 's remaining life expectancy is calculated using the age of the Member in the year of death, reduced by one for each subsequent year. (2) If the Member’s 's surviving spouse is the Member’s 's sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Member’s 's death using the surviving spouse’s 's age as of the spouse’s 's birthday in that year. For distribution calendar years after the year of the surviving spouse’s 's death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s 's birthday in the calendar year of the spouse’s 's death, reduced by one for each subsequent calendar year. (3) If the Member’s 's surviving spouse is not the Member’s 's sole designated beneficiary, the designated beneficiary’s 's remaining life expectancy is calculated using the age of the beneficiary in the year following the year of the Member’s 's death, reduced by one for each subsequent year.