Section 35IAC1.2-6-16. Required minimum distributions; compliance with the Worker, Retiree, and Employee Recovery Act of 2008 (WRERA)

   A participant or beneficiary who would have been required to receive required minimum distributions for 2009 but for the enactment of IRC Section 401(a)(9)(H) (2009 RMDs), and who would have satisfied that requirement by receiving distributions that are (1) equal to the 2009 RMDs or (2) one (1) or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the participant, the joint lives (or joint life expectancy) of the participant and the participant's designated beneficiary, or for a period of at least ten (10) years (Extended 2009 RMDs), will receive those distributions for 2009 unless the participant or beneficiary chooses not to receive such distributions. Further, the 2009 RMDs and Extended 2009 RMDs will not be treated as eligible rollover distributions. (Board of Trustees of the Indiana Public Retirement System; 35 IAC 1.2-6-16; adopted Apr 26, 2013: 20130508-IR-035130167ONA)