When employees leave SAHA, the funds they contributed to the agency pension plan can still work for them.

Separating employees who participated in the pension plan have four options.  You can:
8 Withdraw all eligible pension funds (in fact, if your account is less than $1,000, SAHA can cash you out automatically);
8 Take some of your money out of the account, as long as you leave at least $1,000 to keep your account open;
8 Rollover part of all eligible pension funds into another authorized plan or account; or
8 Leave the money in the pension plan (as long as you maintain a $1,000 balance).

       Withdrawals are subject to Internal Revenue Service tax rates and any penalties for early withdrawal.

        If you’re eligible for withdrawal upon separation, contact Human Resources at 477-6116 to schedule an appointment to complete necessary paperwork and to ensure a notary is available for the process.

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