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If you need a Separation from Withdrawal Form for your SERS Defined Contribution Plan or SERS Deferred Compensation Plan, please contact Empower at (866) 737-7457. If you need assistance resolving an Agency Debt that is holding up payment of your withdrawal, please contact your HR Department.
If you are a straight Defined Contribution Plan participant (you opted out of the default Hybrid Plan and have no pension component to your retirement benefit) and you take a total withdrawal from your investment account, your eligibility points will be removed from your participant record.
18 Οκτ 2024 · If you're close to retirement and have a 457 plan, you'll need to know when and how to start withdrawing or rolling over your savings to ensure you do it right.
Guide to 457 (b) Retirement Plans: Distribution & Withdrawal Rules. A 457 (b) plan is a tax-deferred retirement savings plan that lets you defer part of your wages and save them for retirement. Learn more here.
Deferred comp accounts have certain tax advantages as outlined in Section 457 (b) of the IRS tax code. The SERS board has contracted with Empower Retirement as the third-party administrator of this investment plan. Defer Your Leave Payout. According to the IRS, leave payouts are eligible for deferral into deferred comp accounts.
The New York Power Authority Deferred Compensation Plan (“Plan”) is a voluntary retirement savings program that allows you to save and invest today for your retirement. The Plan is governed by Section 457(b) of the Internal Revenue Code.
pursuant to a subpoena or a Right-To-Know Law request. That information includes, among other things, your SERS-participating employer, years of service, and retirement-covered compensation. As a result of a Pennsylvania Supreme Court Order, all home addres.
