While you are working for the y Your After-Tax Account within the 401(a) Retirement Plan if you have one, as well as your Rollover Account or Roth Rollover Account with the 403(b) Savings Plan may be withdrawn at any time. If you are age 59½ or older, you can withdraw your entire Tax-Deferred Account or Roth Account. However, until you reach age 59½, you may only withdraw your Tax-Deferred Account or Roth Account contributions if you meet the IRS requirements for a financial hardship withdrawal. No other accounts can be withdrawn while still working at a Y. Hardship Withdrawal Rules While You Are Working For The Y If you made contributions to the 403(b) Savings Plan in either the Tax-Deferred Account or Roth Account, you may withdraw these contributions and credited interest if you have a financial hardship. You are considered to be having a financial hardship if you are experiencing one of the qualifying financial needs listed below and you do not have other sufficient resources available to meet that need. You are not required to take a loan from the 403(b) Savings Plan before you can apply for a hardship withdrawal. However, you are required to take a withdrawal of any other currently available retirement, savings and welfare benefits sponsored by the Y. This means that if you have any amounts in the Rollover Account or Roth Rollover Account in the 403(b) Savings Plan, or the After-Tax Account in the 401(a) Retirement Plan, then you must completely withdraw those amounts to be considered eligible for a hardship withdrawal. You are permitted to continue contributing to the 403(b) Savings Plan while you apply for a hardship withdrawal and after the withdrawal is completed. You are not required to submit supporting documentation of your hardship to the YMCA Retirement Fund. However, you should keep that documentation in your personal records. You are required to certify that you have insufficient cash or other liquid assets to satisfy the financial need and that you meet the hardship requirements. The qualifying financial needs to take a hardship withdrawal are: Medical expenses incurred or to obtain medical care not covered by health insurance for you, your spouse, dependents, or designated primary beneficiary under the Plan. Costs directly related to the purchase of a principal residence (excluding mortgage payments). Tuition and other related educational fees and expenses for the next 12 months of post-high school education for you, your spouse, children, dependents, or designated primary beneficiary under the Plan. To prevent eviction from or foreclosure upon your principal residence. Payments for burial or funeral expenses for your deceased spouse, parent, child, dependent, or designated primary beneficiary under the Plan. Expenses for the repair of damage to your principal residence that qualify for a casualty deduction under IRC Section 165 (determined without regard to whether the damage is related to a Federally declared disaster as described in IRC Section 165(h)(5) and whether the loss exceeds 10% of your adjusted gross income). Expenses and losses you incurred due to a Federal Emergency Management Agency (FEMA) declared disaster and your principal residence or principal place of employment was located in the FEMA-designated disaster area eligible for individual assistance. Getting Your Money In order to take a hardship withdrawal, you will need to complete a form, which can be obtained by contacting a Pension Representative at 800-738-9622 between 9:00am and 5:00pm ET, Monday through Friday. Once the Fund receives your original form properly completed, the process can take at least 14 business days (not including mailing time). If you are married and your current balance in the 403(b) Savings Plan is more than $5,000, your spouse must consent to this withdrawal by signing the form in front of a Notary. When You Leave the Y If you are no longer working for the Y, you can learn more about the withdrawal process here.