403(b) / 457(b)Transactions/Rollovers: When can I rollover my account assets into or out of my account?

You can rollover your account assets out of your employer’s plan and into a qualified or eligible plan any time you have reached a triggering event for a distribution as follows. You can roll your assets into the employer’s plan only if the plan document allows you to do so:

403(b) Triggering events:

  • Attained age 59 ½ (in service)
  • Severance from employment (however the participant is subject to early withdrawal penalty if a distribution is taken before age 55.)
  • Death
  • Disability

457 Triggering events:

  • Attained age 70 ½ (in service)
  • Severance from employment at any age
  • Death
  • Disability
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