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Human Resources

Retirement Investors' Club (RIC) 457/401a Program

Age 70 1/2

You may begin to take distributions from your accounts at age 70 1/2 even if you are still employed. The federal government has established rules for plans like the Retirement Investors' Club (RIC) that apply when participants reach age 70 1/2.

You can elect to receive the entire value of your account or you may receive periodic payments over your life expectancy. To request a distribution, please complete the RIC Distribution Form. Please consult your investment company's representative to determine what payment options are available in your investment.

You may contribute to your account while you are employed, even if you are receiving distributions.

For tax information on distributions, see the Special Tax Notice.