The RMD amount is calculated by dividing the amount in the account as of the end of the immediately preceding calendar year by a life - expectancy - based distribution period specified in the IRS's «Uniform Lifetime Table.» (plannersearch.org)
Specifically, the bill would eliminate the assessment for electric customers with a monthly peak demand of one thousand kilowatts or more in the last preceding calendar year and gas customers of one hundred thousand dekatherms or more, and all customers of municipal electric and gas utilities and water works corporations. (bcnys.org)
The minimum amounts are set by a calculation: The account balance at the end of the preceding calendar year divided by the distribution period from the IRS's «Uniform Lifetime Table.» (nbr.com)