Minimum Required Distributions. Prudential will notify a Participant, prior to such Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to Prudential, that he may be required to receive a minimum distribution from his Account under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract by his Required Distribution Date. GVA-1000 (as modified by Group Annuity Amendment Form GAA-7793) Serial 400 4.1-4.3 If the Participant does not request a distribution of any portion of his Account under the contract pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
Appears in 2 contracts
Sources: Group Annuity Contract (Prudential Variable Contract Account 10), Group Annuity Contract (Prudential Variable Contract Account 11)
Minimum Required Distributions. Prudential will notify a Participant, prior to such Participant's Required Distribution Date, as determined from the records of Prudential on the basis of information furnished to Prudential, that he may be required to receive a minimum distribution from his Account Accounts under the contract in accordance with Code Section 401(a)(9) and the Regulations issued thereunder. Such notice will include information so as to assist GVA-1000-87(24) (as modified by Group Annuity Amendment Form GAA-7793) Serial 400 4.1-4.3 the Participant in computing the amount of his required minimum distribution. Following such notice, a Participant may request that the required minimum distribution be paid to him from the contract by his Required Distribution Date. GVA-1000 (as modified by Group Annuity Amendment Form GAA-7793) Serial 400 4.1-4.3 If the Participant does not request a distribution of any portion of from his Account Accounts under the contract pursuant to this section 4.3, Prudential shall be under no obligation to make such distribution.
Appears in 1 contract
Sources: Group Annuity Contract (Prudential Variable Contract Account 24)