27 Miss. Code. R. 220-VII-7.14
Current through September 24, 2024
Upon proper written request on the Plan's approved forms, if a Participant experiences a qualified birth or adoption as described under Code Section 72(t)(H), the Participant may elect to receive a distribution payable in a lump sum up to $5,000 within one year from the date of a qualified birth or finalized qualified adoption (excluding the adoption of the child of the Participant's spouse). The Board may rely on the individual's written certification that the distribution qualifies under this standard. The Participant may elect to recontribute all or part of the amount of a qualified birth or adoption distribution to the Plan within three years after the date the distribution was received.
27 Miss. Code. R. 220-VII-7.14