When you terminate employment or retire, you will have access to your OSGP account. At that time, you will have several options available to you:
• | Leave your money in the plan. You do not have to take a distribution until you reach age 70½. | |
• | Roll additional assets in from other retirement plans such as PERS pension 401(a), a 401(k), 403(b), 457, or pre-tax IRA. | |
• | Select among several flexible payments choices: | |
• | Lump-Sum | |
• | Partial Lump-Sum | |
• | Specified Period Option | |
• | Specified Dollar Amount | |
• | Minimum Distribution (at 70½) | |
• | Roll your accounts assets over to an IRA or other eligible plan. Click the Form button to access the Transfer/Rollover Out form.
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• | Convert to Roth 457. | |
Click the Form button to find out more about the payment choices available to you and to download the Severance Packet required to begin receiving a distribution of your OSGP account.
