A. 
Eligibility for distribution. A participant will become eligible to receive a distribution of his plan benefit upon the occurrence of any of the following events: (i) the participant's Severance from Employment with the employer; (ii) the participant's attainment of age 70 1/2; provided, however, that for purposes of this Article VIII, a participant will be deemed to have had a severance from employment during any period he or she is performing service in the uniformed services described in Section 3401(h)(2)(A) of the Code. Except as otherwise provided in Article VII, a participant may not receive distribution of his or her plan benefit at any time prior to the occurrence of one of the foregoing events.
B. 
Distributions to participants. Upon a participant's eligibility for a distribution pursuant to Subsection A, the participant shall be entitled to receive his or her plan benefit, which shall be paid in cash by the Trustee from the Trust Fund in accordance with one of the methods described in Subsection C and as of the commencement date elected by the participant in accordance with the procedures prescribed Subsection E.
C. 
Distribution Options.
(1) 
Subject to § 50-8.6, any payment made under this section shall be made in one of the following methods, as the participant (or, in the case of the death of a participant, his or her beneficiary) may elect any of the following:
(a) 
A total or partial lump sum payment. Any partial lump sum payment shall be an amount of at least the Minimum Lump Sum Amount, and the number of partial lump sum payments in any plan year may not exceed the Maximum Annual Number of Partial Distributions.
(b) 
Periodic monthly, quarterly, semi-annual or annual installment payments; provided, however, that a participant (or, in the case of the death of a participant, his or her beneficiary) may elect to receive (A) an initial installment payment in a specified amount and (B) the balance of his or her account in periodic monthly, quarterly, semi-annual or annual installment payments. Any installment payment made pursuant to this Subsection C(1)(b) shall be at least the minimum installment amount. If the balance of the participant's account and rollover account is less than such amount, then the payment will equal the total amount of the participant's account and rollover account. Installment payments may consist of (A) fixed amounts paid on each payment date as designated by the participant (or in the case of the death of a participant, his or her beneficiary), or (B) formulaic amounts determined by the administrative service agency, based on a fixed period designated by the participant (or, in the case of the death of a participant, his or her beneficiary), calculated by dividing the plan benefit on the date of the payment by the number of payments remaining during the fixed period.
(c) 
A participant who elects to receive installment payments or who is currently receiving installment payments pursuant to Subsection C(1)(b) may elect, subject to any limitations set forth by the Committee and in accordance with procedures established by the administrative service agency, to receive a portion of his or her account distributed in a lump sum; provided, however, that no lump sum payment shall be less than the minimum lump sum amount; and provided, further, that the number of such elections in any plan year may not exceed the maximum annual number of partial distributions, as set forth in Section 8.1(c) of Schedule A. Such lump sum payments shall not result in a discontinuation of subsequent installment payments; provided, however, that such subsequent payments may be redetermined in accordance with methods and procedures established by the administrative service agency.
(d) 
A participant who is an eligible retired public safety officer, as defined in Section 402(1) of the Code, may elect, at the time and in the manner prescribed by the administrative service agency, to have up to $3,000 per year (or such greater amount as may be permitted under applicable guidance issued by the Internal Revenue Service) of amounts from his or her before-tax deferral account distributable under the plan used to pay qualified health insurance premiums for an accident or health plan or long-term care insurance contract covering the participant and his or her spouse and dependents. Such amounts are excludible from the participant's gross income to the extent the qualified health insurance premiums are paid directly to the provider of the accident or health plan or long-term care insurance contract [determined in accordance with Section 402(1) of the Code] by deduction from a distribution to the plan.
(e) 
For each distribution election under this Subsection C, a participant shall designate the percentage of each distribution that will come from his or her before-tax deferral account and the percentage that will come from his or her Roth account (to the extent applicable). For the avoidance of doubt, for purposes of the limitations and restrictions described in this Subsection C, each distribution election made by a participant and each payment made in accordance therewith shall be deemed to be one election and one payment, even if payment is made both from the participant's before-tax deferral account and from his or her Roth account (to the extent applicable).
(2) 
Notwithstanding the foregoing, a participant may not elect an installment period extending beyond the longest of (A) his or her life expectancy, (B) if his or her designated beneficiary is his or her Spouse, the life expectancy of the participant and his or her Spouse and (C) if his designated beneficiary is not his or her Spouse, the life expectancy determined using the applicable table contained in the applicable Treasury Regulation.
D. 
Calculation of payments.
(1) 
If a participant elects a total lump sum payment, pursuant to Subsection C(1)(a), the participant's plan benefit shall be determined as of the valuation date coincident with or last preceding the date on which the plan benefit is withdrawn from the investment options and liquidated for distribution. Such liquidated amount:
(a) 
Shall be held in the Trust Fund in a payment account maintained by the Trustee for this purpose; and
(b) 
Shall not be credited with interest or investment gains or losses following the date of liquidation.
(2) 
If a participant elects to receive a partial lump sum payment pursuant to Subsection C(1)(a) or (c), installment payments pursuant to Subsection C(1)(a), or payment of qualified health insurance premiums for an accident or health plan or long-term care insurance contract covering the participant and his or her spouse and dependents pursuant to Subsection C(1)(d), any remaining balance in such participant's accounts shall continue to participate in the investment performance of the investment options in which such amounts are invested and to bear its allocable share of administrative and investment expenses until the valuation date coincident with or last preceding the date on which such plan benefit amounts are withdrawn from the investment funds and liquidated for distribution; provided, however, that the amount of the installments need not be redetermined to reflect changes in the value of the account more frequently than annually. All such redeterminations shall be made by the administrative service agency in accordance with procedures of uniform application. Any amount liquidated for purposes of an installment payment:
(a) 
Shall be held in the Trust Fund in a payment account maintained by the Trustee for this purpose; and
(b) 
Shall not be credited with interest or investment gains or losses following the date of liquidation.
E. 
Distribution election. In the case of the participant's severance from employment with the employer, a distribution election made by the participant shall specify the form of payment as provided in Subsection C and the date on which payments shall commence; provided, however, that any such payments that would result in an account balance of less than $500 may not commence earlier than at the end of the distribution waiting period; provided, further, that the timing of any distribution must be in compliance with § 50-8.6. Subject to § 50-8.6, a participant who is receiving distributions under the plan may change both the timing and the method of payment elected, subject to any limitations set forth by the Committee and in accordance with procedures established by the administrative service agency.
F. 
Rollover accounts. Notwithstanding any other provision of this § 50-8.1, a participant who has one or more rollover accounts shall be permitted to withdraw all or any portion of such rollover accounts at any time during a plan year; provided that such withdrawal shall be paid pursuant to a method of payment elected by the participant in accordance with Subsection C and the value of such rollover accounts shall be determined in accordance with Subsection D.
If a participant dies before distribution of his or her plan benefit has commenced, a distribution election made by the beneficiary shall specify the form of payment as provided in § 50-8.1C and the date on which payments shall commence. If a participant dies at any time before his or her entire plan benefit has been distributed, then the participant's beneficiary may make subsequent distribution elections as provided in § 50-8.1C. Notwithstanding the foregoing, any distribution to a beneficiary shall be made in accordance with the provisions of Section 401(a)(9) of the Code and subject to § 50-8.6D and E.
A distribution to an alternate payee may be paid in a single lump sum as soon as practicable following the qualification of the qualified domestic relations order and the close of all appeals to the qualified domestic relations order if the alternate payee consents to such lump sum distribution. In the event that the alternate payee does not consent to receive his or her distribution in a single lump sum as soon as practicable following the qualification of the qualified domestic relations order, the alternate payee may make an election to receive a distribution any time after the earliest retirement date, subject to any requirements of Section 401(a)(9) of the Code and § 50-8.1C, by filing a distribution election specifying the form of payment as provided in § 50-8.6 and the date on which payments shall commence.
A. 
Participant rollover distributions. In connection with a participant's severance from employment, the distributee may elect, at the time and in the manner prescribed by the administrative service agency, to have all or any portion of the participant's accounts that qualifies as an eligible rollover distribution paid directly to the trustee of an eligible retirement plan; provided that such other plan provides for the acceptance of such amounts by the trustee. The plan shall provide written information to distributees regarding eligible rollover distributions to the extent required by Section 402(f) of the Code.
B. 
Beneficiary rollover distributions. Upon a participant's death, a beneficiary may elect, at the time and in the manner prescribed by the administrative service agency, to have all or any portion of the participant's accounts that qualifies as an eligible rollover distribution paid directly to the trustee of an individual retirement arrangement [as defined in Section 7701(a)(37) of the Code] that is established for the purpose of receiving the distribution on behalf of such beneficiary.
C. 
Roth IRA rollover distribution. In connection with a participant's severance from employment or upon a participant's death, as the case may be, a participant or a beneficiary may elect, at the time and in the manner prescribed by the administrative service agency, to have all or any portion of the participant's accounts that qualifies as an eligible rollover distribution rolled over to a Roth individual retirement arrangement [as defined in Section 7701(a)(37) of the Code, and designated as a Roth arrangement at the time of its establishment]. Such amounts will be included in gross income as if the distribution had been made to such participant or beneficiary.
The Trustee shall withhold or cause to be withheld from any amounts withdrawn or distributed all federal, state, city or other taxes as shall be required pursuant to any law or governmental ruling or regulation, including Treasury regulations.
A. 
In general. Notwithstanding any other provision of the plan to the contrary (except Subsection B), all distributions under the plan shall be in accordance with the minimum distribution and timing requirements of Section 401(a)(9) of the Code [including the incidental death benefit requirements of Section 401(a)(9)(G) of the Code] and the final Treasury regulations under Sections 1.401(a)(9)-2 through 1.401(a)(9)-9, which are incorporated herein by reference. Such provisions shall override any distribution options in the plan that may be inconsistent with Section 401(a)(9) of the Code. Any distributions made pursuant to this § 50-8.6 in order to comply with Section 401(a)(9) of the Code shall be charged against the account or accounts of the account participant in such manner as designated by the account participant in accordance with procedures established by the administrative service agency; provided, however, that if no such designation is made, such distributions shall be charged first against the before-tax deferral account, second against the Roth account (to the extent applicable), third against the rollover account or rollover accounts not relating to rollover contributions of amounts from a qualified Roth contribution program, and fourth against the rollover account or rollover accounts relating to rollover contributions of amounts from a qualified Roth contribution program.
B. 
2009 waiver. Notwithstanding anything to the contrary in this § 50-8.6, an account participant who would have been required to receive required minimum distributions for 2009 but for the enactment of Section 401(a)(9)(H) of the Code ("2009 RMDs"), and who would have satisfied that requirement by receiving distributions that are (i) equal to the 2009 RMDs or (ii) one or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the participant, the joint lives (or joint life expectancy) of the participant and the participant's beneficiary, or for a period of at least 10 years, will not receive those distributions for 2009 unless the participant or beneficiary chooses to receive such distributions. Participants and beneficiaries described in the preceding sentence will be given the opportunity to elect to receive the distributions described in the preceding sentence.
C. 
Distributions during participant's life. The plan benefit of a participant shall be distributed (or commence to be distributed) to such participant as soon as practicable after the required beginning date. If the participant has not made an election pursuant to § 50-8.1C prior to such required beginning date, then the plan benefit shall be distributed in the form of installment payments commencing on the required beginning date.
D. 
Death of a participant before the required beginning date.
(1) 
If a participant dies before his required beginning date, the remaining portion (if any) of such participant's plan benefit shall be distributed to his or her beneficiary (or if the participant has no beneficiary, his or her surviving spouse or estate, as determined under § 50-9.2) no later than December 31 of the calendar year containing the fifth anniversary of the participant's death (determined without regard to 2009), except as set forth in Subsection D(1)(a) or (b) as follows:
(a) 
The beneficiary may elect to receive a distribution of the plan benefit over a period not exceeding the life expectancy of the beneficiary; provided that the distribution commences no later than December 31 of the calendar year immediately following the calendar year in which the participant dies; or
(b) 
If the sole beneficiary is the participant's surviving spouse, such surviving spouse may elect to receive a distribution of the account over a period not exceeding the life expectancy of the surviving spouse (determined as of the date such payments commence); provided that the distribution commences on or before the later of December 31 of the calendar year immediately following the calendar year in which the participant dies or December 31 of the calendar year in which the participant would have attained age 70 1/2; provided, further, that if the surviving spouse dies after the participant but before distributions to the surviving spouse commence, this Subsection D [with the exception of Subsection D(1)(a)] shall apply as if the surviving spouse were the participant.
(2) 
The beneficiary may elect to receive payment of the plan benefit as a lump sum or in annual, monthly or quarterly installment payments.
E. 
Death after required beginning date and after commencement of distributions. If a participant dies on or after the required beginning date, but before his or her entire plan benefit is distributed to him or her, the unpaid portion of his or her plan account shall be distributed as follows: (1) if the participant has a designated beneficiary, the longer of the remaining life expectancy of the participant's beneficiary and the remaining life expectancy of the participant determined in accordance with Section 1.409(a)(9)-5 of the Treasury regulations; or (2) if the participant does not have a designated beneficiary, the remaining life expectancy of the participant determined in accordance with Section 1.409(a)(9)-5 of the Treasury regulations; provided, however, that if a beneficiary so elects, the participant's remaining plan benefit may be paid to the beneficiary at any time in a lump sum so long as the entire plan benefit is paid at least as rapidly as it would be paid under (1) above.
F. 
Alternate payee accounts. In the case of any alternate payee account, payments to the alternate payee must be made in accordance with the plan and Section 401(a)(9) of the Code.
If the plan receives special proceeds (as defined below) that are allocable to an account participant who has received a final distribution of his or her entire plan benefit, then the plan shall distribute such special proceeds to the former participant, beneficiary, or alternate payee (or in accordance with § 50-9.2, if the participant is deceased and no beneficiary designation was in effect at the time of the participant's death, or to the estate of the beneficiary or alternate payee, as applicable, if such person is deceased) in a lump sum as soon as practicable after the plan receives such special proceeds unless, at the time of such mandatory distribution, the value of such distribution would exceed $1,000. For purposes of this § 50-8.7, "special proceeds" means amounts attributable to a settlement of any dispute or controversy related to any of the assets previously attributable to any account of the former participant, beneficiary, or alternate payee or any other amounts allocable under the plan to a former participant, beneficiary, or alternate payee relating to an adjustment to the amount or value of any such account.
A. 
A participant who has not severed employment or a spousal alternate payee would be permitted to have all or any portion of the participant's plan benefit not otherwise distributable under the plan, and not attributable to Roth contributions or outstanding loans, directly rolled over into a separately maintained account within his or her Roth account. Any such amounts will be included in gross income as if the distribution had been made to such participant or spousal alternate payee. After a participant or spousal alternate payee has made an in-plan rollover into a Roth account, such participant or spousal alternate payee may elect to take distributions from such account in accordance with § 50-8.1 or 50-8.3.
B. 
Upon any distribution event pursuant to which a participant, a beneficiary who is a participant's surviving spouse or a spousal alternate payee would be permitted to have all or any portion of the participant's plan benefit that qualifies as an eligible rollover distribution rolled over into another eligible retirement plan, such participant, beneficiary who is a participant's surviving spouse or spousal alternate payee may elect to have the portion of such eligible rollover distribution that is not attributable to Roth contributions or outstanding loans directly rolled over into a separately maintained account within his or her Roth account. Any such amounts will be included in gross income as if the distribution had been made to such participant, beneficiary who is a participant's surviving spouse or spousal alternate payee. After a participant, beneficiary who is a participant's surviving spouse or spousal alternate payee has made an in-plan rollover into a Roth account, such participant, beneficiary who is a participant's surviving spouse or spousal alternate payee may elect to take distributions from such account in accordance with any of the distribution options set forth in § 50-8.1C.
C. 
The provisions in this § 50-8.8 shall be administered in accordance with procedures established by the administrative service agency and shall be interpreted and administered in accordance with and subject to Section 402A(c)(4) of the Code and any rules, regulations or other guidance issued by the Internal Revenue Service in relation thereto.