- A. No distribution option may be selected by a participant or beneficiary under this §717 unless it satisfies the requirements of IRC §§401(a)(9) and 457(d) and proposed or final treasury regulations thereunder.
- B. If installment payments are designated as the method of distribution, the minimum distribution shall be no less than $100 per check and the payments made annually must be no less than $600.
Authority Note
AUTHORITY NOTE: Promulgated in accordance with IRC §457 and R.S. 42:1301-1308.
Historical Note
HISTORICAL NOTE: Promulgated by the Department of the Treasury, Deferred Compensation Commission, LR 24:1969 (October 1998), amended LR 28:1499 (June 2002).