As of the first distribution calendar year, any retirement distribution that is not paid as a lump-sum may be payable only over one of (or a combination of) the following periods:
(A) The life of the participant;
(B) The life of the participant and a designated beneficiary;
(C) A period certain not extending beyond the life expectancy of the participant; and
(D) A period certain not extending beyond the life expectancy of the participant and his or her designated beneficiary.
(Ord. NIRC 97-1, passed 1-15-1997)