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Are employees who are on long-term disability (LTD) eligible to withdraw funds from their deferred compensation account?

April 26, 2017account compensation Deferred disability eligible employees funds long-term withdraw

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Are employees who are on long-term disability (LTD) eligible to withdraw funds from their deferred compensation account?

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No. Because the employee continues to receive a benefit, i.e. accumulation of VRS service credit during the time the employee is on long-term disability, he or she is not considered to be eligible to take a distribution.