B. Required Distributions

The Internal Revenue Code requires that the Plan commence paying your benefits no later than April 1 following the calendar year in which you attain age 70½, or if later, the date you retire, even if you do not file a pension application.

A Participant who attains 70½ and elects to defer to receive his or her benefits until he or she actually retirees will have such benefits actuarially adjusted upon retirement.