The Hartford 2012 Annual Report Download - page 289

receive any vested Excess Pension Plan Cash Balance formula benefit as an annuity or in a lump sum, and
when payment is to begin. Such Cash Balance formula election is separate from any election with respect to
the Excess Pension Plan Final Average Pay formula for a Participant who was hired prior to January 1, 2001
and is covered under both formulas. An Eligible Employee who first becomes a participant in the Excess
Pension Plan in 2008 or later must elect, by January 31 following the calendar year in which the Participant
first becomes eligible to participate, when and how (either as a lump sum or as an annuity) the Participant will
receive any Excess Pension Plan Cash Balance formula benefit. If the Participant does not make a timely
distribution election, the default form of payment for the Excess Pension Plan Cash Balance formula benefit is
a lump sum payment payable upon separation from service (in which case payment shall be made within the
90 day period starting with the first day of the third month following the date of separation from service).
Notwithstanding the preceding sentence, a Participant whose employment terminated prior to January 1, 2009,
and who does not make a timely distribution election prior to January 1, 2009, and who has not previously
commenced payment, shall receive a lump sum payment of the Participant’s Cash Balance formula account
during the 90 day period starting on June 1, 2009.