Special Rules for Post Clause Samples

Special Rules for Post. Secondary Education Subaccounts A Member may elect to dissolve any Post-Secondary Education Subaccount be elected to establish for a Qualifying Student and to transfer the balance of that Subaccount in multiples of 10 percent of such balance to his other Subaccounts, or 100 percent of such balance to his Account, as the case may be, duly completing, executing, and filing with the Committee an appropriate form designated by the Committee; provided however, that for an election to dissolve a Post-Secondary Education Subaccount to be effective, a full calendar year must pass between the calendar year during which the Member duly makes to dissolution election and the calendar year during which distribution of any portion of such Post-Secondary Education Subaccount is first to become payable; and provided further that in the absence of such elective allocation of the balance of the Post-Secondary Education Subaccount upon its dissolution, that balance shall be transferred in its entirety to the Employee’s Account or Retirement Subaccount, as the case may be. In no other event may transfers be made among the Member’s Subaccounts.