Safe harbor Hardship distribution. To qualify for a safe harbor Hardship, a Participant must demonstrate an immediate and heavy financial need, as described in subsection (1), and must satisfy the conditions described in subsection (2).
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Samples: Prudential Retirement Services (National Penn Bancshares Inc), Plan and Trust Agreement (Mercantile Bancorp, Inc.), Capital Corp of the West
Safe harbor Hardship distribution. To qualify for a safe harbor Hardship, a Participant must demonstrate an immediate and heavy financial need, as described in subsection (1)i) below, and the distribution must be necessary to satisfy the conditions such need, as described in subsection (2)0 below.
Appears in 1 contract
Samples: www.placer.ca.gov
