APS 2015 Annual Report Download - page 196

Table of Contents
ARTICLE 1 Definitions....................................................................................................1
ARTICLE 2 Selection, Enrollment, Eligibility.................................................................5
2.1 Eligibility......................................................................................................5
2.2 Enrollment Requirements............................................................................5
2.3 Eligibility: Commencement of Participation...............................................6
2.4 Loss of Eligibility to Participate..................................................................6
ARTICLE 3 Deferral Commitments/Interest Crediting...................................................6
3.1 Deferral........................................................................................................6
3.2 Maximum Deferral.......................................................................................6
3.3 Election to Defer; Effect of Election Form..................................................6
3.4 Withholding of Deferral Amounts...............................................................7
3.5 Interest Crediting Prior to Distribution........................................................7
3.6 Change in Time and Form of Payment........................................................7
3.7 Installment Distribution...............................................................................8
3.8 FICA Taxes..................................................................................................8
3.9 Discretionary Credits...................................................................................8
ARTICLE 4 Short-Term Payout and Unforeseeable Financial Emergencies...................9
4.1 Short-Term Payout.......................................................................................9
4.2Withdrawal Payout; Suspensions for Unforeseeable Financial Emergencies.9
ARTICLE 5 Payment of Benefits...................................................................................10
5.1 Payment of Termination Benefit................................................................10
5.2 Death Prior to Pay Out...............................................................................10
5.3 Payment of Discretionary Credits..............................................................11
ARTICLE 6 Disability Credit.........................................................................................11
6.1 Disability Credit.........................................................................................11
ARTICLE 7 Beneficiary Designation.............................................................................11
7.1 Beneficiary.................................................................................................11
7.2 Beneficiary Designation and Change; Spousal Consent............................11
7.3 Acknowledgment.......................................................................................12
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