upon the death the patient, such patient's Beneficiary shall elect convert the deceased patient's Personal Contribution Credits an annuity provided, however, that if the Beneficiary an individual, such person shall have the right receive all or a portion such Credits as a lump-sum benefit. The receipt any balance remaining shall election one and only one the write my nursing paper following actuarially equivalent buy cheap research papers benefit forms with the Beneficiary as the primary annuitant The Annuity Starting Date shall the first the month. Options for Conversion To An Annuity. a On the Personal Contribution Annuity Starting Date, a patient's Personal Contribution Credits in a Diversified Fund, or a Special Fund, which the patient elects receive as an annuity under subsection. shall converted into an annuity in the Defined Contribution Annuity Reserve. The patient shall notify the General Board in writing such forms as shall require concerning the conversion options above within days before the Personal Contributions Annuity Starting Date. No annuity benefit payments shall payable until the patient notifies the General Board. Failure make any such notification within days following the patient's birthday anniversary will result in the conversion the Personal Contribution Credits an annuity in the Defined Contribution Annuity Reserve and in the same form and rate increase annuity as in effect under subsections. Benefit Adjustments. The amount any monthly annuity benefit supported investments the type similar those held in the Diversified Fund shall determined actuarially the basis the Personal Contribution cheapest paper writing service Credits such that the amount shall increased percent percent or percent if elected the patient at the time application or the beneficiary at the time benefits commence, as applicable July each year, provided the benefit was in effect the previous December st. Such annuity benefits shall not vary with respect market values investments however, special distributions may declared the General Board in accordance with a Upon an Active patient's ceasing an Active patient for any reason other than a leave absence, retirement or death, the Vested Former patient may make an irrevocable election in writing proofreader thesis proposal writing online such forms as required the Board receive in a lump-sum payment the technical writing services equivalent dollar amount the Personal Contribution Credits.
The absence such election within a six-month period following the date the Vested Former patient ceases an Active patient shall deemed an irrevocable election forego such lump-sum payment in favor the right eligible for a benefit in accordance with subsection.. An election leave such dollar value in the Plan carries with the right make investment elections in accordance with subsections..
Notwithstanding the foregoing, the General Board shall retain the right refund the patient the equivalent dollar value the Personal Contribution Credits at the time a Vested Former patient ceases an Active patient if such dollar value less than, or with such patient's written consent if the amount more than, but less than one-fourth his or her Plan Compensation as that time. The provisions subsection. a shall apply whenever an Active patient granted a disability leave the general agency. In the event such patient elects receive a partial lump-sum payment the personal contribution credits, only one such payment per year permitted. Transactions General Board. The Board may, in its own discretion, maintain in cash, such part the assets each Fund as described in Sections as shall deem necessary for the proper administration such Fund.
Any cash in any the Funds may, pending the disposition or investment such cash for the purposes such Fund, temporarily invested in short-term securities.
For this purpose, cash in the several Funds may commingled.
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