Examples of Qualified Transfer in a sentence
Any assets transferred to a Health Benefits Account in a Qualified Transfer (and any income allocated thereto) shall only be used to pay Qualified Current Retiree Health Liabilities (whether directly or through reimbursement).
The Accrued Retirement Income of any Pensioned Employee or Dependent under the Plan shall become nonforfeitable in the same manner which would be required if the Plan had terminated immediately before the Qualified Transfer (or in the case of a Pensioned Employee who terminated service during the 1-year period ending on the date of the Qualified Transfer, immediately before such termination).
Full Name: (1)Mailing Address: (2)❑ Same as Primary OwnerSSN: DOB: Telephone Number: PREMIUM INFORMATIONSingle Premium Amount of $ Source of Funds:❑ New Premium ❑ Qualified Transfer ❑ Qualified Rollover❑ 1035 ExchangeType of Annuity:❑ Non-Qualified❑ Qualified: (choose one)❑ IRA❑ SEP❑ Other: PAYMENT INFORMATIONFirst Payment Date: First payment date will be 30 days from receipt of Premium unless otherwise noted above.
Except in the case of a Qualified Transfer (as defined in subsection (d) below), a transfer of assets is initiated at the Plan level and does not require Participant or spousal consent.
The Plan may eliminate certain Protected Benefits (as provided under subsection (3) below) related to plan assets that are received in a Qualified Transfer from another plan.