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Can I elect to take a partial lump-sum distribution from the Employees’ Retirement Plan?

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Can I elect to take a partial lump-sum distribution from the Employees’ Retirement Plan?

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Yes, if you meet the Rule of 70 when you separate from service, you have an opportunity to make a one-time election to receive a portion of your benefit as a lump sum distribution. If your retirement date is on or before August 31, 2010, you can elect to take a lump sum distribution in an amount equal to any whole percentage up to a maximum of 60 percent of retirement benefits earned. If your retirement date is on or after September 1, 2010, you can elect to take a lump sum distribution equal to any whole percentage up to a maximum of 30 percent of retirement benefits earned.

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