Code of Massachusetts Regulations
960 CMR - OFFICE OF THE STATE TREASURER AND RECEIVER GENERAL
Title 960 CMR 3.00 - Deferred Compensation
Section 3.06 - Hardship Withdrawals
Universal Citation: 960 MA Code of Regs 960.3
Current through Register 1531, September 27, 2024
(1) Upon proper proof of an unforseen emergency, hardship withdrawals will be permitted in the following manner:
(a) For an amount less than
$3,500, the Plan Coordinato r has the authority to approve the
withdrawal.
(b) For amounts greater
than $3,500, the approval of the Plan Administrator is necessary.
(2) Where applicable, the participant will be subject to the surrender charge.
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