When you reach your Early Retirement Date or Normal Retirement Date, with your spouse’s consent, you will be entitled to receive all of the contributions which have been allocated to your Account plus their earnings in one lump sum. Upon your election, benefits may be payable over a period certain not extending beyond your life expectancy or over a period certain not extending beyond the joint life and last survivor expectancy of you and your designated beneficiary. In the event you designate a beneficiary other than your spouse, your spouse must consent in writing to said designation.

Other than hardship withdrawals, if the distribution or withdrawal qualifies, you may direct that such amount be rolled over directly into an IRA account, or another qualified plan which accepts rollover contributions to avoid current taxation and penalties.