Common use of Withdrawals and Loans Clause in Contracts

Withdrawals and Loans. Generally, you cannot withdraw or roll over your TSA account balances before you attain age 59 ½, terminate employment, die, or become disabled. Withdrawals may also be available as ordered by a court under a Qualified Domestic Relations Order (QDRO). Loans, in amounts limited by federal law, are available from authorized UW TSA providers. The TSA provider is responsible for approving loans according to IRS and UW TSA Plan provisions. No more than two loans may be outstanding at any time. Hardship withdrawals are not available. The provider is responsible for determining your eligibility for other withdrawals. Tax penalties may apply to distributions before age 59 ½ – if you terminate employment before reaching age 55. You are entirely responsible for all loans and withdrawals and any resulting tax liabilities.

Withdrawals and Loans. Generally, you cannot withdraw or roll over your TSA account balances before you attain age 59 ½, terminate employment, die, or become disabled. Withdrawals may also be available as ordered by a court under a Qualified Domestic Relations Order (QDRO). Loans, in amounts limited by federal law, are available from authorized UW TSA providers, except Dreyfus. The TSA provider investment company is responsible for approving loans according to IRS and UW TSA Plan provisions. No more than two loans may be outstanding at any time. Hardship withdrawals are not availableavailable as of 1/01/2009. The provider investment company is responsible for determining your eligibility for other withdrawals. Tax penalties may apply to distributions before age 59 ½ – if you terminate employment before reaching age 55. You are entirely responsible for all loans and withdrawals and any resulting tax liabilities.

Withdrawals and Loans. Generally, you cannot withdraw or roll over your TSA account balances before you attain age 59 ½, terminate employment, die, or become disabled. Withdrawals may also be available as ordered by a court under a Qualified Domestic Relations Order (QDRO). Loans, in amounts limited by federal law, are available from authorized UW TSA providers. The TSA provider investment company is responsible for approving loans according to IRS and UW TSA Plan provisions. No more than two loans may be outstanding at any time. Hardship withdrawals are not availableavailable as of 1/01/2009. The provider investment company is responsible for determining your eligibility for other withdrawals. Tax penalties may apply to distributions before age 59 ½ – if you terminate employment before reaching age 55. You are entirely responsible for all loans and withdrawals and any resulting tax liabilities.