The Hartford 2012 Annual Report Download - page 290

Excess Pension Plan Cash Balance Formula – Form of Distribution – A Participant may elect either an
actuarially-equivalent annuity or lump sum distribution option under the Excess Pension Plan Cash Balance
formula. If an annuity is elected, the Participant may select the specific form of actuarially-equivalent annuity
payment (i.e., Single Life Annuity, 50% Joint & Survivor Annuity, or 50% or 75% Contingent Annuity option)
before the date the benefit is scheduled to commence.
Excess Pension Plan Cash Balance Formula – Timing of Distribution – With respect to any Excess
Pension Plan Cash Balance formula benefit, a Participant can elect that benefits be paid following separation
from service or as of any later age up to attainment of age 65, as described above. A Participant may
subsequently change either the form or timing of a distribution election. However, a change may not delay the
benefit commencement date beyond the later of the time the Participant attains age 65 or following separation
from service. After December 31, 2008, if a Participant wishes to change the timing of the benefit
commencement date, or to change the Excess Pension Plan Cash Balance formula benefit election from an
annuity to a lump sum, or vice versa, the Participant is subject to the following restrictions:
•the new election can not 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