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Posted

If a participant takes a distribution for an unforseen emergency, is there any law that says he is obligated to suspend contributions for a certain period? If so, please advise where it can be found. Also, please advise how long the suspension period should be. Thanks.

Guest Bob K
Posted

The law does not provide for a mandatory suspension of deferrals in a 457(b) plan after an "unforeseen emergency" distribution.

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