Cal. Code Regs. tit. 2 § 599.124

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 599.124 - Minimum Required Distributions

Notwithstanding any other provision of the plan to the contrary, in complying with the requirements of Sections 20731, 75085.1 and 75088.3 of the Government Code, distributions from the plan shall be made in accordance with a reasonable and good faith interpretation of Section 401(a)(9) of the Internal Revenue Code, including the incidental death benefit requirement in Section 401(a)(9)(G) and the Treasury Regulations thereunder, pursuant to 26 C.F.R. part 1.401(a)(9)-1, Q&A-2(d).

Cal. Code Regs. Tit. 2, § 599.124

1. New section filed 2-23-2015; operative 4-1-2015 (Register 2015, No. 9).

Note: Authority cited: Sections 20121 and 75005, Government Code. Reference: Sections 20731, 75005, 75085.1 and 75088.3, Government Code; Section 401(a)(9), Title 26, United States Code; and 26 C.F.R. part 1.401(a)(9)-1, Q&A-2(d).

1. New section filed 2-23-2015; operative 4/1/2015 (Register 2015, No. 9).