The Internal Revenue Service (IRS) generally requires that when deferred members reach a certain age prescribed by law, they begin receiving required minimum distributions from the plan. The federal Setting Every Community Up for Retirement Enhancement Act (SECURE Act 1.0) was first enacted in 2019. The Secure Act 1.0 increased the beginning age for when required minimum distribution must start from 70 ½ to age 72 effective January 1, 2020. New legislation for 2022 (SECURE 2.0 Act of 2022) has increased this age again in two steps. First, the required minimum distribution age increases to 73 starting January 1, 2023. And second, the required minimum distribution age will be raised to 75 starting January 1, 2033.

Specifically, for members who turned 72 on or after January 1, 2023, the CCCERA plan is now required to begin distributions by the later of:

1. April 1 following the calendar year in which the member attains age 73 for distributions required to be made on or after January 1, 2023; or
2. April 1 of the year following the calendar year in which the member retires.

(Internal Revenue Code Section 401(a)(9)(C)(i)(I).)