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2. If you do not receive a benefit, refund, withdrawal, or distribution from your Employer's
retirement plan, your Deductible Income will be:
a. the retirement income benefit option that comes closest to providing you a monthly income
for life with no survivor's benefit, which
b. you are eligible to receive, or would have been eligible to receive had timely application been
made.
Your Employer's retirement plan includes any retirement plan established, maintained or
participated in by your Employer and to which you or your Employer make contributions, including
a public employee retirement system, a state teacher retirement system, and a plan arranged and
maintained by a union or employee association for the benefit of its members.
B. RPO Exceptions
Deductible Income from your Employer's retirement plan does not include the amounts below.
1. The portion of any service retirement benefit you receive which is attributable to your
contributions to the plan.
2. Any service retirement benefit you are eligible to receive before age 62 (or normal retirement age
under the plan if later), but which you do not receive before such age.
3. Any lump sum refund, withdrawal or distribution of your contributions and earnings you receive
because you are not vested under the plan.
4. A lump sum payment or monthly annuity from a state teachers retirement system or public
employees retirement system if the Department of Retirement Systems offered you a choice
between a lump sum actuarially equivalent payment and the ongoing monthly payment.
5. PERS 2 and PERS 3 disability retirement benefits for which you are eligible, but you elect not to
receive.
C. RPO Rules.
1. You will be considered eligible to receive disability benefits from your Employer's retirement plan
unless you provide satisfactory written proof that you made timely application for such benefits
and were denied or that a timely application would have been denied if you had applied.
2. If we cannot determine from your Employer's retirement plan the amount of disability benefit or
retirement benefit you are or would have been eligible to receive, we will determine your
Deductible Income using a lifetime monthly annuity amount, with no survivor income. The
annuity will be based on total plan contributions made by you or on your behalf, including your
Employer's contributions and roll-over contributions, plus earnings, and on the life expectancy
of a person your age on the following dates:
a. With respect to a disability benefit, the date you first become eligible for a disability benefit;
b. With respect to a retirement benefit, the date you first become eligible for a retirement benefit;
c. The date LTD Benefits become payable, if we cannot determine the date in a or b.
3. If you receive a lump sum refund, withdrawal or distribution of contributions and earnings from
your Employer's retirement plan, we will determine your Deductible Income using a lifetime
monthly annuity amount, with no survivor income. The annuity will be based on the amount
you receive, and on the life expectancy of a person your age on the later of:
a. The date the lump sum is paid; and
b. The date LTD Benefits become payable.
LT.RO.01X