Frequently Asked Questions
Question :Can I withdraw money from my 401(k) Plan account while still employed by the state?
Answer :
Yes. A Hardship Withdrawal is available through the Plan. It can be taken from your 401(k) Plan account for one of the following reasons:
- Medical Expenses
- Tuition Expenses
- Purchase principal residence
- Eviction/foreclosure of Principal Residence
Financial Hardship Withdrawal forms can be completed online. You may access the prefilled form at the Loans & Withdrawals section, Request a Withdrawal.