The Hartford 2012 Annual Report Download - page 288

previously commenced payments, shall begin receiving benefits during the 90 day period starting on June 1,
2009.
Changing the Form or Timing of a Distribution Election – A Participant may change either the form or
timing of a prior Final Average Pay benefit distribution election (or default provision), provided, however, that
such a change may not delay the benefit commencement date beyond the later of the time the Participant attains
age 65 or separates from service. After December 31, 2008, in accordance with final regulations promulgated
under Section 409A of the Code, a Participant who wishes to change the timing of a previously-elected (or
default) benefit commencement date, is subject to the following restrictions:
•the new election cannot take effect until at least 12 months after the date of the new election,
•the election change must provide for a new payment date that is at least five years after the originally scheduled payment date, and
•the new election may not be made less than 12 months prior to the date of the first scheduled payment.
(ii) Cash Balance Formula – Form of Payment
A Participant in the Excess Pension Plan Cash Balance formula can elect that Cash Balance formula benefits
begin upon separation from service, or as of the later of separation from service or any age up until attainment
of age 65. An Eligible Employee who became a Participant in the Excess Pension Plan prior to 2009 can elect
by December 31, 2008 whether to