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

• Reporting the Required Minimum Distribution - Beginning for minimum distributions that are required for calendar 2003, the Custodian must provide a statement to each IRA owner who is subject to required minimum distributions that contains either the amount of the minimum or an offer by the Custodian to perform the calculation if requested by the IRA owner.

• You may not convert any portion of a Required Minimum Distribution (RMD).

• If you are eligible for a Required Minimum Distribution Option, you may convert to that option at any time but payments under the Required Minimum Distribution Option will be reduced by all ESP Program payments and other withdrawals for the year.

• However, the Required Minimum Distribution for the calendar year that contains the date of the Participant’s death is still required to be distributed.

• On-going (those that are still receiving contributions) SEP IRAs or SIMPLE IRAs are not permitted to be distribute QCDs. Reporting the Required Minimum Distribution - Beginning for minimum distributions that are required for calendar 2003, the Custodian must provide a statement to each SIMPLE IRA owner who is subject to required minimum distributions that contains either the amount of the minimum or an offer by the Custodian to perform the calculation if requested by the SIMPLE IRA owner.

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 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.

Required Minimum Distribution means the amount required to be distributed to a beneficiary participant beginning on the required beginning date and every year thereafter pursuant to Internal Revenue Code Section 401(a)(9) and the regulations promulgated thereunder, as applicable.

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. 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.