For purposes of this subchapter, the following terms are defined:
ACTUARIAL GAIN. The difference between an amount determined using the actuarial assumptions (i.e., investment return, mortality, expense, and other similar assumptions) used to calculate the initial payments before adjustment for any increases and the amount determined under the actual experience with respect to those factors. ACTUARIAL GAIN also includes differences between the amount determined using actuarial assumptions when an annuity was purchased or commenced and such amount determined using actuarial assumptions used in calculating payments at the time the actuarial gain is determined.
DISTRIBUTION CALENDAR YEAR. A calendar year for which a minimum distribution is required. For distributions beginning before the participant's death, the first distribution calendar year is the calendar year immediately preceding the calendar year that contains the participant's required beginning date. For distributions beginning after the participant's death, the first distribution calendar year is the calendar year in which distributions are required to begin under § 38.062(B)(2).
ELIGIBLE COST-OF-LIVING INDEX. An index described in paragraph (b)(2), (b)(3), or (b)(4) in Q&A-14 in section 1.401(a)(9)-6 of the regulations.
LIFE EXPECTANCY. Life expectancy as computed by use of the Single Life Table in Q&A-1 in section 1.401(a)(9)-9 of the regulations.
REQUIRED BEGINNING DATE. For a participant, April 1 of the calendar year following the later of the calendar year in which he attains age 70-1/2 or the calendar year in which he retires. (Ord. 1806, passed 1-7-15)