Emergency withdrawal definition
Examples of Emergency withdrawal in a sentence
If a request is denied, the Participant may request that the Plan Administrator reconsider the request by submitting (within 30 days of the date of the denial) additional written evidence of qualification or reasons to support the request for an Unforeseeable Emergency withdrawal.
To apply for benefit payments/withdrawals or an Unforeseeable Emergency withdrawal, contact ICMA-RC at ▇-▇▇▇-▇▇▇-▇▇▇▇.
Regardless of the type or location of the Emergency, withdrawal or redeployment of Members will not extend beyond 30 consecutive days without further consultation between the Federal Minister, PT Ministers (for supplying and receiving jurisdictions), as well as the CEO/Mayor if the Emergency is located within their jurisdiction or their Members have been redeployed (as per the MPSA).
Notwithstanding Section 5.1, a Participant may request a withdrawal due to an Unforeseeable Emergency withdrawal by submitting that request, in writing on the Plan's approved form, to the Administrator.
The Committee shall direct the Employer when to disburse any funds as an Unforeseeable Emergency withdrawal.
If a request for an Unforeseeable Emergency withdrawal is approved, the Administrator shall direct the provider of the applicable Investment Products to distribute the approved amount from the Participant's Account.
The amount of an Unforeseeable Emergency withdrawal may include any amounts necessary to pay any federal, state, or local income taxes reasonably anticipated to result from the distribution.