For Minimum Distribution Rules we have terms and definitions in 2 topics. The topics are Employee Benefits and Insurance Compensation.

Minimum Distribution Rules (Employee Benefits)

Provisions of the Code which effectively limit the extent that a participant may defer the receipt of distributions from a retirement plan. These rules generally require distributions to begin when an employee attains age 70-1/2 and specifies a minimum amount that must be distributed in order to avoid the imposition of an excise tax. These rules are designed to ensure that benefits which may ultimately be paid to a beneficiary are incidental to benefits which are payable to a client participant.

Minimum Distribution Rules (Insurance Compensation)

When an employee reaches the age of 70.5 a minimum distribution is required. The amount is determined by the amount in the employee's account and the employee's life expectancy.

Similar

Browse words that start with:

• Mi
• Min
• Mini
• Minim

Browse All Terms by First Letter

Term Search