UC RETIREMENT PLAN DOCUMENT - UPTE-CWA

University of California Retirement Plan Article 2
Lump Sum Cashout is not deemed to be a Retired Member.
2.34
MEMBER
The election is irrevocable as of the later of the cashout date, or the date
the official election request is received by the Plan Administrator,
provided the election request is approved as complete by the Plan
Administrator. Effective for a cashout date occurring April 1, 1999 or
later, such election is irrevocable as of the later of the cashout date, or
15 days following the date of the Plan Administrator’s confirmation letter
notifying the Member of the receipt of the Member’s election. The
cashout date is the date selected by the Member on the application
request, and the date as of which the benefit is calculated. The cashout
date may not be earlier than the day following separation from University
service or the first day of the month in which the application is received
by the Plan Administrator, whichever is later.
2.35
MEMBER CONTRIBUTIONS
2.36
MINIMUM DISTRIBUTION RULE
Member means an Active Member, Disabled Member, Inactive Member,
or Retired Member.
Member Contributions mean the contributions, if any, of an Active
Member to the Plan and predecessor plans.
All contributions to the Plan on or after July 1, 1983, except as otherwise
specifically provided, shall be made on a pretax basis in accordance with
Section 414(h) of the Internal Revenue Code and are deemed to be
employer pickup contributions.
Minimum Distribution Rule means that, in accordance with Section
401(a)(9) of the Internal Revenue Code, all Members of the Plan must
receive a minimum distribution by the Required Beginning Date as
follows:
(a) Required Beginning Date.
The Required Beginning Date for a minimum distribution means April 1
of the calendar year following the later of:
(i) the calendar year in which the Member reaches age 70-1/2; or
September 2004 30