Section 13Part 3 — Account Adjustments
Participation contribution accounts adjustments- debits
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On each account adjustment date described in section 14, the Administrator shall debit an amount equal to the sum of all distributions made to, by, or on behalf of, a participant since the last account adjustment date against his participant contribution account balance until such account balance is exhausted.
Defined Terms
account adjustment dateAdministratorparticipantparticipant contribution account
Cross References
- Section 14 of Parliamentary Pensions Act
account adjustment date described in section 14
Referenced By
- Section 14 — Accounts adjustment dates
account adjustments described in section 13