The Internal Revenue Code allows distribution of funds only upon retirement, termination of service with the participating employer, or attainment of age 70½. At the time you terminate service you may:
  • Keep your money invested in the Plan and if desired, continue to manage your money within the offered investment options*;
  • Withdraw your money ‐ subject to ordinary income tax; or
  • Roll your money to an IRA or to another qualified retirement account*.
*Not available in plans of private non‐profit employers