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457 Plan
401(a) Plan
Financial Hardship
A “financial hardship” is when you have an immediate and significant financial need involving:
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Medical expenses for you or your dependents;
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Costs related to the purchase of your primary residence;
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Tuition and related post-secondary educational costs; or
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An imminent eviction from your primary residence.
If you have a financial hardship that cannot be satisfied by other financial resources, you may complete an Application for Emergency Withdrawal that will be reviewed and approved by Great-West before a distribution is made.
The amount that you may request from your 401(a) account cannot exceed the amount necessary to meet the need, and any amount that you have already withdrawn for a “financial emergency” from your CERF 457 account will be deducted from the amount you can withdraw to meet a financial hardship.
To apply for an emergency withdrawal, you must submit an application to Great-West Retirement Services, 100 North Tucker, Suite 100, St. Louis, MO 63101.
401(a) Plan
Investing Your Money
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