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1 l The amount determined under subsections G.1, G.2 and G.3 of this section shall then be converted to the actuarially equivalent life annuity or other periodic benefit payable under this Section. The determination will be made at the earlier of (1) the date in subsection F of this section that f benefits become payable, or(2)the date the employee completes thirty(30) years of service in either the fire department or the police department, or a combination of service in both departments. H. If any distribution from an employee's investment account under Section 2.62.407.A which is made or commences prior to the date as of which benefits become payable under this Section, such distribution shall not affect the determination of the offset amount under this section. f 2.62.407 Distribution of Investment Account v A. In addition to benefits payable under Section 2.62.405, if any, a former employee may apply for a distribution from his or her investment account t at any time. Such distribution shall be made or commence as of the valuation date under Section 2.62.630.E on or as soon as administratively feasible following receipt of such application. Distributions shall not be made from an employee's investment account prior to the date the employee ceases to be an employee. B. Upon the death of an employee prior to the date distribution of his or her investment account is made or commences under subsection A of this section, the employee's investment account shall be distributed to the beneficiary designated by the employee upon forms (or such other y' medium) provided by the board of trustees or, if authorized by the board, 1 the manager of the investment funds. If the employee fails to designate a beneficiary, or if no beneficiary survives the employee, such distribution shall be made to his or her estate in a single lump sum. Distribution under subsection B of this section shall be made or commence as of the valuation date under Section 2.62.630.E on or as soon as administratively 1 following receipt of notice of the employee's death. C. Distributions to the employee or a beneficiary under subsections A or B of this section may be made in any form permitted for a defined contribution plan under the Internal Revenue Code, as elected by the employee or beneficiary. If the employee or beneficiary is entitled to a benefit payable under Section 2.62.150, the employee or beneficiary may elect to have all i or any portion of the employee's investment account transferred to the I portion of the fund not credited to investment accounts and paid in the actuarially equivalent form of such benefit, determined using an interest rate of seven percent and the 1983 Group Annuity Mortality Table. a: x Restated Police Pension Plan—City of University City Page 12 I