Yes. That is how a pensions is calculated by the payer. They must calculate the RMD and that is what you get as a monthly payment. They don't call it a RMD but that is what it is.
The rules that the plan administrator must use to calculate the RMD as required by §401(a)(9) are defined in § 1.401(a)(9)-6) of the Internal Revenue Code (IRC).
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
