If the distribution of the participant’s account has begun under a retirement distribution and the participant dies before the entire interest has been distributed according to the terms of the payout option, the remaining interest shall be distributed according to the terms of the payout option. In any case, the remaining interest shall be distributed at least as rapidly as under the payout option or other method of distribution being used as of the date of the participant’s death.
(Ord. NIRC 97-1, passed 1-15-1997)