Financial/Retirement Professionals » Business Retirement Professionals

MPP/PS Required Minimum Distributions (RMDs)

Required minimum distributions must commence by April 1 of the calendar year following the latter of either the calendar year in which the participant becomes age 70-1/2 or the calendar year in which the participant retires unless a 5% or more owner, spouse, parent, grandparent or child of a 5% owner. If you are a 5% or more owner, distributions must begin by April 1 of the calendar year following the calendar year in which they become age 70-1/2.