429 Neb. Admin. Code, ch. 2, § 004
Current through September 17, 2024
Qualified Distributions withdrawals can be made by a Qualified Individual for purposes of Long-Term Care Expenses, including long-term care insurance if the participant has attained or exceeded the age of fifty years.
Non-Qualified Distributions by any Participant who is not a Qualified Individual who makes a withdrawal for any reason other than shall be subject to a 10% penalty on the amount withdrawn to be collected by the State Treasurer or an agent of the State Treasurer, such as the Department of Revenue per interagency agreement with the State Treasurer.
429 Neb. Admin. Code, ch. 2, § 004