Required Minimum Distribution definition

Required Minimum Distribution. (“RMD”) means a distribution under the “Required Minimum Distribution” rules of Sections 408(b) and 401(a)(9) of the Code, including the Treasury Regulations that apply (the “RMD Rules”). RMD Rules are more fully described in an endorsement applicable to the Contract. Solely for purposes of this Rider, RMD Rules, including the calculation of your RMD amount for a calendar year (“RMD Amount”) are those RMD Rules which are in effect as of [December 31, 2014] . For purposes of this Rider, the RMD Amount is the portion of your required minimum distribution for a calendar year applicable to your PBA.

Required Minimum Distribution. If a Contract is purchased as an IRA Contract or Qualified Contract, the Owner's benefits under the Contract must satisfy the Required Minimum Distribution rules as provided for by various provisions of the Code.

Required Minimum Distribution. (RMD) means the amount defined by the Internal Revenue Code as the minimum lifetime distribution requirement that applies to the contract associated with this rider only.

Examples of Required Minimum Distribution in a sentence

• If the Depositor does not request an age 70½ distribution from the custodial account by timely instruction, or does not specify a method of calculating the amount of the age 70½ distribution which the Depositor will be taking from another IRA(s), no distribution will be made; however calculation of the current year Required Minimum Distribution amount which cannot be rolled over to another IRA will be made in accordance with Article IV, paragraph 2, option (b).

• Its maximum thickness has been recorded in Borehole Mőcsény-II (30.6 m) and it exceeded 20 m in another 5 boreholes.

• The Beneficiary Continuation Option is designed to pay out at least annually the post-death Required Minimum Distribution payment calculated for a Continuation Beneficiary’s portion of the entire interest in this Contract.

• If the participant does not request an age 70½ distribution from the custodial account by timely instruction, or does not specify the amount of the age 70½ distribution which the participant will be taking from another IRA(s), no distribution will be made; however calculation of the current year Required Minimum Distribution amount which cannot be rolled over to another IRA will be made in accordance with Article IV, paragraph 2, option (b).

• These “lifetime” Required Minimum Distribution payments must be made in periodic payments at intervals of no longer than 1 year and must be either nonincreasing or they may increase only as provided in Q&As A-1, A-4 and A-14 of Treasury Regulation Section 1.401(a)(9)-6 or any successor Regulation.

More Definitions of Required Minimum Distribution

Required Minimum Distribution or “RMD” refers to the amount that certain IRA owners and qualified plan participants must begin distributing from their retirement accounts as mandated by the Internal Revenue Code section 401(a)(9).

Required Minimum Distribution for any year means, with respect to any retirement benefit: (1) the value of the retirement benefit as of the preceding year- end, divided by (2) the applicable distribution period; or such greater or lesser amount as the trustee shall be required to withdraw under the laws then applicable to this trust to avoid penalty. Notwithstanding the foregoing, the required minimum distribution for the year of my death shall mean (1) the amount that was required to be distributed to me with respect to such benefit during such year under the minimum distribution rules, minus (2) amounts actually distributed to me with respect to such benefit during such year.v

Required Minimum Distribution for any year means, with respect to any retirement benefit: (1) the value of the retirement benefit as of the preceding year-end, divided by (2) the applicable distribution period; or such greater or lesser amount as the trustee shall be required to withdraw under the laws then applicable to this trust to avoid penalty. Notwithstanding the foregoing, the required minimum distribution for the year of my death shall mean

Required Minimum Distribution. When a Spouse is the Sole Beneficiary. If your spouse is more than 10 years younger than you, you may figure the required minimum distribution based on your joint life expectancy. To qualify, your spouse must be the sole beneficiary of your IRA account at all times during the year for which the distribu- tions are being made. (If your spouse was your sole beneficiary in a year until the time you are divorced or widowed, you may still determine your required minimum distribution for that year using your joint life expectancy. Consult your tax advisor for additional information.) If you qualify, your required minimum distribution for each year is cal- culated in the same manner as above, except that the distribution peri- od is based on your joint life expectancy. The distribution period is the number at the intersection of the ages of you and your spouse (as of your birthdays in the year at issue) in Table II (Joint Life and Last Survivor Expectancy) (For Use by Owners whose Spouses are more than 10 years younger) in the June 2002 Supplement to IRS Publication 590.

Required Minimum Distribution rules on GAWA.

Required Minimum Distribution means, for the purposes of this Endorsement, the amount required to be distributed to a plan participant in a tax qualified retirement plan under the provisions of section 401(a)(9), 403(b)(10), 408(b)(3), and 408A(b), as modified by 408A(c)(5), or their successor sections, associated with, and only associated with, the value of the annuity contract to which this endorsement is attached. You - means, for the purposes of this Endorsement, both the owner of the contract as well as the spouse of the owner if he or she: (1) is the beneficiary of the contract, (2) elects to continue the contract, and (3) is subject to Required Minimum Distributions.

Required Minimum Distribution or “RMD” means the amount required to be distributed from a Plan in a given calendar year pursuant to the minimum distribution requirements of Code section 401(a)(9) and the regulations thereunder.