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This form is used by participants who are still employed by a VRS-covered employer to request an in-service distribution from the Virginia Cash Match Plan. Eligible participants include those who are 70½ years or older or those who wish to access funds rolled over from another qualified plan. The form details the distribution methods available, tax withholding rules, and participant responsibilities.
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What is in-service distribution request form?
The in-service distribution request form is a document used by employees to request a distribution of their retirement plan benefits while still employed.
Who is required to file in-service distribution request form?
Employees who wish to withdraw funds from their retirement plan prior to retirement, while still actively employed, are required to file this form.
How to fill out in-service distribution request form?
To fill out the in-service distribution request form, employees should provide their personal information, select the type of distribution requested, and sign the form to authorize the request.
What is the purpose of in-service distribution request form?
The purpose of the in-service distribution request form is to allow employees to access a portion of their retirement benefits while continuing their employment.
What information must be reported on in-service distribution request form?
The form typically requires personal identification information, the type of plan, the amount requested for distribution, and any necessary signatures.
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