(a) Notwithstanding any provision in this subpart to the contrary, the distribution of a participant's benefits shall be made in accordance with the following requirements and shall otherwise comply with § 401(a)(9), Internal Revenue Code, and the regulations thereunder, including Regulation 1.401(a)(9)(2), which is incorporated herein by reference:
(1) A participant's benefits shall be distributed or shall begin to be distributed not later than April 1st of the calendar year following the later of the calendar year in which the participant attains age 70 1/2 or the calendar year in which the participant retires. Such distributions shall be equal to or greater than any required distribution. Alternatively, if the distribution is to be in the form of a joint and survivor annuity or single life annuity, then distributions shall begin no later than the applicable April 1st as determined under the preceding sentence and shall be made over the life of the participant, or the lives of the participant and the participant's designated beneficiary, in accordance with regulations.
(2) Distributions to a participant and the participant's beneficiaries shall only be made in accordance with the incidental death benefit requirements of § 401(a)(9)(G), Internal Revenue Code, and the regulations thereunder.
(b) For purposes of this section, the life expectancy of a participant and a participant's spouse, other than in the case of a life annuity, at the election of the participant or the participant's spouse, may be redetermined in accordance with regulations. The election, once made, shall be irrevocable. If no election is made by the time distributions shall commence, then the life expectancy of the participant and the participant’s spouse shall not be subject to recalculation. Life expectancy and joint and last survivor expectancy shall be computed using the return multiples in Tables V and VI of Regulation 1.72
Structure Code of Alabama
Chapter 37A - Jefferson County Municipalities.
Part 2 - Retirement and Relief System.
Section 45-37A-51.220 - Normal Retirement Benefit.
Section 45-37A-51.221 - Minimum and Maximum Normal Retirement Benefit.
Section 45-37A-51.222 - Participants Vesting.
Section 45-37A-51.224 - Involuntary Retirement.
Section 45-37A-51.225 - Ordinary Disability Allowance.
Section 45-37A-51.226 - Extraordinary Disability Allowance.
Section 45-37A-51.227 - Determination of Disability.
Section 45-37A-51.228 - Survivor's Benefits.
Section 45-37A-51.229 - Eligibility for Survivor's Benefits.
Section 45-37A-51.230 - Service Connected Death Benefit.
Section 45-37A-51.231 - Eligibility for Service Connected Death Benefit.
Section 45-37A-51.232 - Firefighters' and Police Officers' Supplemental Pension Survivors Pension.
Section 45-37A-51.233 - Death Prior to Retirement; Return of Contributions.
Section 45-37A-51.234 - Termination of Employment; Ineligibility; Return of Contribution.
Section 45-37A-51.235 - Payment of Return of Contributions.
Section 45-37A-51.236 - Designation of Severance Beneficiary.
Section 45-37A-51.237 - Payment of Benefits During Period of Reemployment.
Section 45-37A-51.238 - Determination of Right to Benefits.
Section 45-37A-51.239 - Payment of Benefits to Minor Children.
Section 45-37A-51.240 - Law Applicable to Measurement of Benefits.
Section 45-37A-51.241 - Board of Health Retired Employees.
Section 45-37A-51.242 - Cost of Living Increases; Future Benefits
Section 45-37A-51.243 - Supplemental Benefit.
Section 45-37A-51.244 - Early Retirement Benefit.
Section 45-37A-51.245 - Retroactive Deferred Retirement Option Plan.
Section 45-37A-51.246 - Board of Health Department Retirees' Supplemental Benefit.
Section 45-37A-51.247 - Required Minimum Distributions.
Section 45-37A-51.248 - Direct Rollovers.
Section 45-37A-51.249 - Heroes Earnings Assistance and Relief Tax Act of 2008 Provisions.