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RSA 100-B:6 · Distribution of Accumulated Contributions

100-B:6 Distribution of Accumulated Contributions. –

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I.

There shall be a distribution of the accumulated contributions of the member or sponsor upon the first to occur of the following:

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(a)

Termination of volunteer service;

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(b)

Attainment of age 60 by the member; or

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(c)

Death of the member.

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II.

The distribution shall occur as a lump sum or as a single premium annuity, payable to the member, or to the named beneficiary or beneficiaries of the member, in the case of distribution after the member's death.

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III.

No distributions paid under the plan shall commence prior to January 1, 2001. Source. 1996, 211:1, eff. Jan. 1, 1997.

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Source note

Source. 1996, 211:1, eff. Jan. 1, 1997.

Source history

  • 1996, 211:1, eff. Jan. 1, 1997