Page 58 - Pay'n Save Retirement Truat fund

SOUND RETIREMENT | 56

 You have a break in service or return to work after a break, but
do not meet the requirements for reinstatement of service and
accrued benefits, as described on page 10,

 You return to work after retirement, as described on page 49,
 The Plan’s assets are inadequate to fund benefits following the
Plan’s termination, on page 57,

 Limitations and/or taxes must be applied to your pension
benefits, as described in the Internal Revenue Code,

 Your benefits are subject to a qualified domestic relations
order, as described in the following section,
 The Plan becomes insolvent and benefits are replaced with
termination insurance, as described on page 57,
 You die before retiring and have no surviving spouse, as
described on page 43, or
 Your application for benefits is not timely, as described on
page 44.
QUALIFIED DOMESTIC RELATIONS ORDERS

Generally, your Plan benefit may not be assigned and is not
subject to garnishment, attachment, or other legal process.
Federal law provides an exception with respect to benefits that
become payable due to a qualified domestic relations order
(QDRO). A QDRO is a judgment, decree, or order that relates to
divorce decrees, property settlements, and child support orders
in accordance with state domestic relations law.

A QDRO must meet certain requirements set forth in the Internal
Revenue Code of 1986 and the Employee Retirement Income
Security Act of 1974. A QDRO may require the Plan to pay a
portion of your benefits to a former spouse or child (known as
an alternate payee). Furthermore, a QDRO may provide that a
former spouse be treated as the surviving spouse for purposes
of the sur vivor annuities payable from the Trust. A QDRO may
not require the Trust to provide any type or form of benefit or
any option not otherwise provid ed under the Plan. When the
Administrative Office receives a judgment, decree, or order
(including court approval of a property settlement agreement)
that would require the Plan to pay all or a portion of benefits to
an alternate payee pursuant to state domestic relations law, the
Administrative Office will notify you and the prospective alternate
payee of the procedures for determining whether the order is a
QDRO. The Plan can only pay benefits to an alternate payee if the
Plan Administrator determines that the court order meets all the
requirements to be a QDRO.
If the Administrative Office receives a QDRO that may affect
your Plan benefit, a hold may be placed on distributions from