You may always request a distribution of contributions you have received from your Employer upon termination of employment after reaching age 65.
You may request a distribution of Deferrals at the times listed below.
You become Disabled
On account of hardship
You may request a distribution of the contributions you receive from your Employer at the times listed below, if they are invested in annuity contracts.
In spite of the distribution events listed above, contributions that you receive from your Employer that are held in annuity contracts issued after 2008 will generally not be available to you while you are still employed unless you have participated in the Plan for at least five years.
You may elect a distribution of your transfer contributions and/or rollover contributions at any time subject to the restrictions in the Individual Agreements.
If you experience a financial hardship, you may take a distribution from the Deferrals you have contributed to the Plan, unless restricted under the terms of the Individual Agreements.
The following events qualify as a hardship distribution under the Plan:
medical expenses for you, your spouse or your dependents, or your beneficiary,
payment to purchase your principal residence,
tuition and education-related expenses for you, your spouse or your dependents, or your beneficiary
payments to prevent eviction from your principal residence,
funeral expenses for you, your spouse or your dependents, or your beneficiary,
payments to repair your principal residence that would qualify for a casualty loss deduction.
Before you take a hardship distribution, you must take all other distributions and all nontaxable loans available to you under the Plan. If you take a hardship distribution of Deferrals, you may not be eligible to make Deferrals for the next six months. If you are under age 59½, the amount you take out of the Plan as a hardship distribution may be subject to a 10 percent penalty tax. This is only required under the safe harbor method of determining hardship.
You may be able to take a penalty-free distribution from your Deferrals if you were called to active military duty after September 11, 2001. In order to qualify for these penalty-free distributions, you must have been ordered or called to active duty for a period of at least 180 days or an indefinite period and your distribution must have been taken after you were called to duty and before your active duty ended.
The Individual Agreements governing the investment options that you selected for your Plan contributions may contain additional limits on when you can take a distribution, the form of distribution that may be available as well as your right to transfer among approved investment options. Please review both the following information in this Summary Plan Description and the terms of your annuity contracts or custodial agreements before requesting a distribution. Contact your Employer or the investment vendor if you have questions regarding your distribution options.