A&M Voluntary 403(b) & 457(b) - Oklahoma State University
If funds are paid to you directly the distribution is subject to 20% withholding for federal taxes. Depending on the state where you reside you may also be subject to mandatory state tax withholding. In contrast to some other types of retirement plans, there is no 10% tax penalty on distributions regardless of your age at the time of distribution. ................
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