City Code Section
- A. Subject to the restrictions on the distribution of benefit payments appearing in Sections 5.09.080, 5.09.090, and 5.09.100, the options available to a Participant or Beneficiary for distributing the value of the Participant's Account are:
- 1. Lump Sum
- 2. Substantially equal monthly, quarterly, semi- annual or annual installments until the Account is exhausted.
- 3. Substantially equal monthly, quarterly, semi- annual or annual payments for a designated period.
- 4. Periodic payments for the life of the Participant with continuation of the payments or a percentage of the payments for the lifetime of the Participant's spouse.
- 5. Payments equal to payments made by the issuer of a retirement annuity policy.
- 6. Such other option as the Participant chooses, and as authorized by this Plan.