Required Minimum Distribution Option

Federal tax law and the terms of the Boston University Retirement Plan and the Supplemental Retirement and Savings Plan require you to start taking Required Minimum Distributions (RMDs) from your 403(b) plan account(s) no later than April 1st following the year in which you turn 73 or terminate employment with Boston University, whichever is later.

Under the required minimum distribution requirement, if you have multiple 403(b) accounts, you may calculate your required minimum distribution for each 403(b) accounts, total the amounts, and take the total required minimum distribution from any one or more of your 403(b) accounts.