Overriding Requirements Applicable to Benefit Payments

7.11 - Except as otherwise provided with respect to the Preretirement Surviving Spouse Benefit and the Surviving Spouse Annuity, the requirements of this Section 7.11 shall apply effective September 1, 1986 (except where otherwise noted), to all payments and distributions of a Participant's benefits under Sections 6 and 7.

• Limits on Settlement Options
  Distributions, if not made in a lump sum, may only be made over one of the following periods or a combination thereof:
• The life of the Participant;
• The life of the Participant and a designated Beneficiary.
• Commencement of Benefits
  Effective January 1, 2007, distribution to a Participant must begin no later than the December 1 of the calendar year in which the Participant attains age 71, or such other age limit permitted under the Income Tax Act.
• Death Distribution Requirements
• If the Participant dies after payment of benefits has commenced, the remaining portion will continue to be distributed at least as rapidly as under the method of payment being used prior to the Participant's death.
• If the Participant dies before payment of benefits commences, the Participant's entire interest will be distributed no later than five years after the Participant's death except that if any portion of the Participant's interest is payable to a designated Beneficiary who is not the Participant's Spouse, distributions shall be made in one lump sum.