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

Financial Hardship Withdrawal

The hardship withdrawal provision may allow you to withdraw funds from your 457 employee contribution account due to an "unforeseen" emergency if you meet strict federal guidelines. Some inactive providers may have fees for distribution. To apply for a hardship distribution, complete a Financial Hardship Form.

Situations that might qualify for withdrawal:

• uninsured medical expenses & related lost wages
  
• funeral expenses (legal dependent)
• loss of Spouse’s employment or wages
• foreclosure of or eviction from residence

If your application is approved, the distribution is taxable as ordinary income. You will be required to stop contributions to the Retirement Investors' Club (RIC) for at least six months after an approved distribution.

You are not eligible to receive a payout from your Retirement Investors' Club (RIC) account for any of the following:

• purchase of a home
• college tuition
• warding off bankruptcy
• divorce
• overdue bills
  

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