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UNIVERSITY OF PA SUPPLEMENTAL RETIREMENT ANNUITY PLAN
HARDSHIP WITHDRAWAL REQUEST RULES
If you have made pretax contributions to the Supplemental Retirement Annuity (SRA) Plan, you may be eligible
to
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How to fill out hardship withdrawal request rules
How to fill out hardship withdrawal request rules
01
Obtain the hardship withdrawal request form from your employer or retirement plan administrator.
02
Review the eligibility criteria for a hardship withdrawal and ensure you meet the requirements.
03
Provide the necessary documentation to support your hardship request, such as medical bills, eviction notices, or funeral expenses.
04
Complete the withdrawal request form, providing accurate and detailed information about the hardship you are facing.
05
Double-check all the information filled out on the form to ensure its accuracy.
06
Submit the completed form and supporting documents to your employer or retirement plan administrator.
07
Wait for the review and approval process to be completed.
08
If approved, follow any additional instructions provided by your employer or retirement plan administrator to receive the funds.
09
Keep records of your hardship withdrawal for future reference or tax purposes.
Who needs hardship withdrawal request rules?
01
Hardship withdrawal request rules are needed by individuals who are facing significant financial difficulties and need to withdraw funds from their retirement savings.
02
These hardship rules are typically provided by employers or retirement plan administrators and outline the specific criteria and procedures for requesting and obtaining a hardship withdrawal.
03
Employees or plan participants who are in dire need of financial assistance due to reasons such as medical emergencies, funeral expenses, home foreclosure, or eviction may require hardship withdrawal request rules.
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What is hardship withdrawal request rules?
Hardship withdrawal request rules outline the guidelines and criteria for individuals to request funds from their retirement account due to financial hardship.
Who is required to file hardship withdrawal request rules?
Individuals who experience financial hardship and meet the criteria outlined in the rules are required to file a hardship withdrawal request.
How to fill out hardship withdrawal request rules?
To fill out a hardship withdrawal request, individuals need to provide specific information and documentation as outlined in the rules, such as proof of financial hardship.
What is the purpose of hardship withdrawal request rules?
The purpose of hardship withdrawal request rules is to provide a process for individuals to access funds from their retirement account in cases of financial hardship.
What information must be reported on hardship withdrawal request rules?
Information required on hardship withdrawal request rules typically includes details on the financial hardship, specific reason for requesting the withdrawal, and any supporting documentation.
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