West Palm Beach |
Code of Ordinances |
Chapter 62. PERSONNEL AND RETIREMENT |
Article III. PENSIONS AND RETIREMENT |
Division 5. RESTATED EMPLOYEES DEFINED BENEFIT RETIREMENT SYSTEM |
§ 62-203. Required distributions.
Notwithstanding anything to the contrary in this division, the member's pension shall begin not later than the April 1 following the later of the calendar year in which he attains age 70½ or the calendar year in which he terminates his employment. Further, all distributions from this retirement system shall conform to the regulations issued under Section 401(a)(9) of the Internal Revenue Code, including the incidental death benefit provisions of Section 401(a)(9)(G) of the Internal Revenue Code. Further, such regulations shall override any provision of this division D that is inconsistent with Section 401(a)(9) of the Internal Revenue Code. The life expectancies of members and their spouses shall not be recalculated.
(Code 1979, § 2-314.1.28)