457 Plan
An “unforeseeable emergency” is a severe financial hardship that includes:
CERF cannot make distributions for unforeseeable emergencies if the hardship can be relieved:
Additionally, if you have not contributed to the plan for two years, you may request an in-service withdrawal. To do this, you must:
If you have an unforeseeable emergency, you may obtain from Empower Retirement or the CERF Office an Unforeseeable Emergency Withdrawal Request. It must be reviewed and approved by Empower Retirement and CERF before a distribution is made.
To apply for an emergency withdrawal, you must complete and submit the Unforeseeable Emergency Withdrawal Request to CERF at 2121 Schotthill woods Dr, Jefferson City, MO 65101.
Income Taxes10% of the total taxable amount will be withheld for Federal Income Tax, unless you elect not to have the taxes withheld. You may also indicate that you want more than 10% withheld. You may also elect to have State Income Tax withheld. Because taxes are complicated and everyone’s situation is unique, you should always seek the advice of an independent tax advisor before making a withdrawal.