(A) Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee's election under this section, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution paid, directly to an eligible retirement plan specified by the distributee in a direct rollover.
(B) In the event of a mandatory distribution of an eligible rollover distribution greater than $1,000 in accordance with § 38.098, if the participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the participant in a direct rollover or to receive the distribution directly, the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Plan Administrator.
(C) In the event of any other eligible rollover distribution to a distributee in accordance with § 38.098, if the distributee does not elect to have such distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover or to receive the distribution directly, the Plan Administrator will pay the distribution to the distributee.
(D) In the event of an eligible rollover distribution to a distributee, in accordance with § 38.098, if the distributee does not elect to have such distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover or to receive the distribution directly, the Plan Administrator will pay the distribution to the distributee. (Ord. 1806, passed 1-7-15)