What forms of distribution are available fom my ORP account?
Subject to the terms of your ORP account invested with Corebridge Retirement Services, you may elect to receive distributions of your ORP account as:
a lump sum distribution,
any other form of distribution available for your ORP account invested with Corebridge.
May I take a loan from my plan account?
Yes, loans are available. Tax-free loans make it possible for you to access your account without permanently reducing your account balance. Please note that defaulted loan amounts will be taxed as ordinary income and may be subject to a 10% federal tax penalty if the employee is under age 59½.
I have a retirement plan from a previous employer. May I transfer this account to my Corebridge ORP plan?
Yes, if your previous employer's plan allows transfers.