Transcription of Guidelines and Application for Unforeseeable Emergency ...
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1 of 3 GuidlelinesGuidelines and Application for Unforeseeable Emergency WithdrawalsCommonwealth of Virginia 457 Defined Contribution PlanIntroductionThe Commonwealth of Virginia s Deferred Compensation Plan (the Plan ) allows withdrawals in the event of anunforeseeable Emergency resulting in a severe financial hardship as defined in section 457 of the Internal RevenueCode (the Code ), provided that certain conditions are met. The Virginia Retirement System (VRS), the Plansponsor, recognizes that emergencies do occur and has chosen to allow distributions from the Plan.
The Application for Unforeseeable Emergency Withdrawal includes a Statement of Need that must be completed. You must attach any documents supporting your request, including information about the circumstances, financial
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