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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.
The form you use to request a withdrawal from your account will be determined by the type of withdrawal you want to make. In most cases, you can access and submit your form in your online Defined Contribution Plan account or mobile app.
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.
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.
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.
Withdrawing your money after you retire. Think in advance about your needs and follow these steps. Call 1.800.633.5461. Request a Distribution Form. Fill it out and return it to the address on the form. IMPORTANT NOTES: ed only three times a month: on or about the 1st. www.SERS.pa.gov.
