Alabama Administrative Code
Title 800 - RETIREMENT SYSTEMS OF ALABAMA
Chapter 800-5-7 - DISTRIBUTIONS
Section 800-5-7-.02 - Method Of Distribution
Universal Citation: AL Admin Code R 800-5-7-.02
Current through Register Vol. 42, No. 11, August 30, 2024
A participant eligible for and requesting distribution may elect to receive his distribution by a lump sum payment or by monthly payments in accordance with federal revenue law and regulations governing such disbursements or, in the absence of such federal law or regulations, in accordance with federal revenue law or regulations governing IRA's, or as otherwise approved by the secretary-treasurer.
Author: William T. Stephens, General Counsel, RSA.
Statutory Authority: Code of Ala. 1975, § 36-27A-3.
Disclaimer: These regulations may not be the most recent version. Alabama may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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