SECURE 2.0 Updates
Additional Early Withdrawal Options
Participants have access to penalty-free early withdrawals under certain circumstances. The following provisions are part of the RPB Plan.
Typically, participants who are still working face a 10% penalty for withdrawing funds from their account before the age of 59.5. Under Secure 2.0, that penalty is waived if the participant is:
- Diagnosed with a terminal illness
- Impacted by a qualified federally declared disaster
- A victim of domestic abuse
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