Laserfiche WebLink
SECTION VI <br />DISTRIBUTIONS <br />6.1 Distributions from the Plan <br />(a) Earliest Distribution Date. Payments from a Participant's Account Balance shall not be <br />made earlier than: <br />(i) the Participant's Severance from Employment pursuant to Section 6.2 <br />(ii) the Participant's death pursuant to Section 6.3 <br />(iii) Plan termination under Section 10.3 <br />(iv) an unforeseeable emergency withdrawal pursuant to Section 6.10(a), if permitted <br />under the Plan <br />(v) a de minimis Account Balance distribution pursuant to Section 6.10(b), if <br />permitted under the Plan <br />(vi) a rollover account withdrawal pursuant to Section 6.10(c), if permitted under the <br />Plan <br />(vii) attainment of age 70 %i withdrawal pursuant to Section 6.10(d), if permitted under <br />the Plan <br />(viii) Qualified Military Service Deemed Severance withdrawal pursuant to Section <br />6.10(e), if permitted under the Plan <br />(ix) Qualified Distributions for Retired Public Safety Officers pursuant to Section <br />6.11, if permitted under the Plan <br />(b) Latest Distribution Date. In no event shall any distribution under this Section VI begin <br />later than the Participant's "required beginning date". Such required minimum <br />distributions must be made in accordance with Section 6.6. <br />(c) Amount of Account Balance. Except as provided in Section 6.3, the amount of any <br />payment under this Section VI shall be based on the amount of the Account Balance as of <br />the Valuation Date. <br />6.2 Benefit Distributions Upon Severance from Employment <br />Distributions required to commence under this section shall be made in the form of benefit <br />provided under Section 6.5. Distributions postponed until the Participant's "required beginning <br />date" will be made in a manner that meets the requirements of Section 6.6. <br />14 <br />Specimen 457(b) Plan Document <br />Deferred Compensation Plan <br />