The federal CARES Act allows coronavirus-related distributions from certain types of eligible retirement plans, such as IRAs and 401(k) plans. However, the CARES Act provisions do not apply to 401(a) governmental pension plans such as ERB’s plan.
The ERB plan does not allow refunds or rollovers while the member is employed by an ERB covered employer. To be eligible for a refund or rollover, a member must terminate employment with all ERB covered employers and submit a completed Request for Refund and/or Rollover form. The employer must certify termination if the member was employed within the last 90 days.