Common use of DUTIES AND RESPONSIBILITIES OF THE ADMINISTRATOR Clause in Contracts

DUTIES AND RESPONSIBILITIES OF THE ADMINISTRATOR. 3.1 The Administrator shall calculate and inform the Retiree, the amount to be taken by him/her as monthly or quarterly Programmed withdrawal on the basis of an expected life span and in accordance with the model approved by the Commission.

DUTIES AND RESPONSIBILITIES OF THE ADMINISTRATOR. 3.1 The Administrator shall calculate and inform the Retiree, of at least three options/combinations of the amount to be taken by him/her as monthly or monthly/quarterly Programmed withdrawal on the basis of an expected life span and in accordance with the model approved by the Commission.